#United States #New York #Stock Distribution #Royce Micro-Cap #NYSE-RMT

Royce Micro-Cap Trust, Inc. Fourth Quarter Distribution Announcement

On December 2, 2024, Royce Micro-Cap Trust, Inc., traded on the New York Stock Exchange under the ticker NYSE-RMT, officially declared a distribution of $0.21 per share for its Common Stock for the fourth quarter. This payment is set to be executed on December 23, 2024, and will be available to shareholders who are on record as of the close of business on December 12, 2024. Those interested in receiving the distribution can opt for either a cash payment or an allocation of additional shares of Common Stock based on their individual preferences. It's important to note that the shares issued for reinvestment will have their price determined on December 19, 2024.

The trust has implemented a consistent Distribution Policy, committing to quarterly payouts on its Common Stock. Distributions are calculated based on an annual rate of 7% of the rolling average of net asset values (NAV) from the previous four calendar quarter-end periods. In this instance, the fourth quarter's distribution will at least amount to 1.75% of this rolling average, adhering to the minimum distribution requirements as mandated by IRS regulations.

Notably, the trust has indicated that its distribution may include a return of capital, primarily derived from excess distributions beyond its income and net realized capital gains. Shareholders should be aware that a return of capital can involve the reimbursement of part of their initial investments in the Fund. Such a distribution does not necessarily signify performance yield or income from the Fund's operations.

Fund Distribution Breakdown

As of November 30, 2024, the distributions can be broken down as follows:

• - Estimated Distribution per Share: $0.21 consists of:

- Net Investment Income: $0.0088 (4%)
- Net Realized Short-Term Gains: $0.0280 (13%)
- Net Realized Long-Term Gains: $0.1731 (83%)
- Return of Capital: $0.0001 (0%)

The overall estimation for year-to-date distributions by the trust for 2024 is $0.74 per share categorized in a similar manner:

• - Net Investment Income: $0.0310 (4%)
• - Net Realized Short-Term Gains: $0.0988 (13%)
• - Net Realized Long-Term Gains: $0.6099 (83%)
• - Return of Capital: $0.0003 (0%)

Fund Performance Insights

Royce Micro-Cap Trust, Inc. has demonstrated an impressive average annual total return of 14.13%, calculated based on the NAV over the five-year period culminating on November 30, 2024. Correspondingly, the annualized current distribution rate, as of that same date, stands at 7.12%. For the fiscal year to date through November 30, 2024, the cumulative total return measures at 19.30%, while the cumulative fiscal year distribution rate is at 6.27% of its NAV.

Operating as a closed-end diversified management investment entity, Royce Micro-Cap Trust aims for long-term capital growth primarily by investing in equity securities of smaller companies, specifically those with market capitalizations below $750 million at the time of investment.

For additional details regarding Royce Micro-Cap Trust and its investment strategies, stakeholders and interested parties are encouraged to visit the official website at www.royceinvest.com. This latest distribution declaration is a testament to the trust's commitment to delivering value and income to its shareholders while navigating the micro-cap investment landscape.