#United States #New York #Royce Small-Cap Trust #quarterly distribution #NYSE-RVT

Royce Small-Cap Trust Announces Quarterly Distribution

Royce Small-Cap Trust, Inc. (NYSE: RVT) has officially announced that it will distribute $0.29 per share for the third quarter of this year. This quarterly distribution continues the Fund's tradition of providing returns to its stockholders, reinforcing its commitment to shareholder value.

Important Dates for Stockholders

The distribution is set to be paid on September 25, 2025, to stockholders who are on record by the close of business on September 12, 2025. Additionally, this date serves as the ex-dividend date, meaning shares purchased after this date will not be eligible for the upcoming dividend.

Shareholders have the option to receive their distribution in the form of additional shares of Common Stock or in cash, depending on their specific election. The actual price determining the shares issued for reinvestment will be finalized on September 19, 2025.

Distribution Policy Overview

Royce Small-Cap Trust has implemented a Distribution Policy aimed at ensuring predictable returns to investors by paying quarterly dividends based on a set formula. The Fund aims to maintain an annual distribution rate of 7% based on the average net asset values (NAVs) calculated over the prior four quarters.

For the fourth quarter, the distribution will be calculated as either the greater of 1.75% of the rolling average or the minimum amount mandated by IRS regulations. It's essential to note that this distribution policy, including the set annual rate, may be adjusted by the Fund's Board of Directors at their discretion, allowing flexibility to respond to market conditions.

Estimated Distribution Sources

As of August 31, 2025, the Fund's estimated allocations for the distribution include various sources, primarily returning capital:
- Net Investment Income: $0.0106 or 4%
- Net Realized Short-Term Gains: $0.0193 or 6%
- Net Realized Long-Term Gains: $0.2601 or 90%
- Return of Capital: $0.00 (0%)

Furthermore, through the year up until August 31, 2025, the total estimated distribution has reached $0.88 per share, showcasing the Fund's ongoing commitment to generating returns for its shareholders.

Fund Performance Insights

Investors looking at Royce Small-Cap Trust's performance will find compelling data as well. The average annual total return relative to NAV for the five-year period ending August 31, 2025, stands at an impressive 11.76%. Moreover, the current distribution rate, as expressed as a percentage of NAV, is at a favorable 6.45%, indicating robust operational health and a reliable return on investment for holders of the Trust’s shares.

According to cumulative calculations, the Trust has seen a total return of 10.17% against NAV for the fiscal year up till August 31, 2025, with a cumulative fiscal year distribution rate at 4.89%. This level of performance emphasizes the Fund's strategic positioning and effective management, fostering confidence among potential and existing investors alike.

About Royce Small-Cap Trust, Inc.

Established as a closed-end diversified management company, Royce Small-Cap Trust, Inc. operates under the auspices of a well-structured investment process. The Fund's primary focus is long-term capital appreciation by predominantly investing in small-cap equity securities, specifically targeting entities that generally fall within the market capitalization bounds of the Russell 2000® Index.

Overall, the announcement of the third quarter distribution by Royce Small-Cap Trust not only symbolizes the company’s ongoing commitment to its shareholders but also reflects its disciplined investment approach aimed at consistent growth and performance in the small-cap segment.