Royce Global Trust Declares Year-End Common Stock Distribution of $0.47 per Share
Royce Global Trust, Inc. (NYSE-RGT) has just announced an exciting year-end distribution of $0.47 per share on its Common Stock. Shareholders can expect this distribution to be paid on December 23, 2024, to those on record by the end of business on December 12, 2024. For investors looking for flexibility, the company offers the option of receiving the distribution in either additional shares of Common Stock or cash, depending on the specific election made by stockholders.
One crucial date to remember is December 12, 2024, which is when the distribution will go ex-dividend. That means if you plan to take part in this distribution, you will need to hold shares by the market's close on that day. Moreover, the price for shares purchased for reinvestment will be determined shortly after, on December 19, 2024.
Investors will appreciate the breakdown of the estimated sources for this distribution, which highlights a robust financial structure within the Fund. According to estimations as of November 30, 2024, a significant 91% of the distribution amounting to $0.47 per share, or $0.4289, stems from net investment income. The remaining portion, which accounts for 9%, comes from net realized short-term gains. Interestingly, there are no contributions from net realized long-term gains or return of capital, suggesting that the distribution is primarily supported by the Fund's operational earnings.
However, shareholders are advised that the reported amounts are provisional and should not be considered definitive indicators of the Fund's overall investment performance. The amounts and sources reported are estimates and can change based on ongoing investment activity through the fiscal year. Tax implications will also play a role in how these distributions are ultimately reported, as the actual amounts will vary and will be defined in detail by the Fund in the Form 1099-DIV, which shareholders will receive later.
For those unfamiliar with Royce Global Trust, it operates as a closed-end diversified management investment company. Its investment strategy is designed to include both U.S. and international common stocks, typically focusing on companies with market capitalizations of up to $10 billion. This approach allows Royce Global Trust to maintain a diversified portfolio while striving for long-term growth.
Investors seeking in-depth information about Royce Global Trust and its overall strategy can visit their official website at www.royceinvest.com. Here, potential and current shareholders can discover more details about how the Fund operates and its investment philosophies. As December approaches, stockholders can look forward to this year-end distribution, which reflects the Fund's commitment to its shareholders and their investment experience.
One crucial date to remember is December 12, 2024, which is when the distribution will go ex-dividend. That means if you plan to take part in this distribution, you will need to hold shares by the market's close on that day. Moreover, the price for shares purchased for reinvestment will be determined shortly after, on December 19, 2024.
Investors will appreciate the breakdown of the estimated sources for this distribution, which highlights a robust financial structure within the Fund. According to estimations as of November 30, 2024, a significant 91% of the distribution amounting to $0.47 per share, or $0.4289, stems from net investment income. The remaining portion, which accounts for 9%, comes from net realized short-term gains. Interestingly, there are no contributions from net realized long-term gains or return of capital, suggesting that the distribution is primarily supported by the Fund's operational earnings.
However, shareholders are advised that the reported amounts are provisional and should not be considered definitive indicators of the Fund's overall investment performance. The amounts and sources reported are estimates and can change based on ongoing investment activity through the fiscal year. Tax implications will also play a role in how these distributions are ultimately reported, as the actual amounts will vary and will be defined in detail by the Fund in the Form 1099-DIV, which shareholders will receive later.
For those unfamiliar with Royce Global Trust, it operates as a closed-end diversified management investment company. Its investment strategy is designed to include both U.S. and international common stocks, typically focusing on companies with market capitalizations of up to $10 billion. This approach allows Royce Global Trust to maintain a diversified portfolio while striving for long-term growth.
Investors seeking in-depth information about Royce Global Trust and its overall strategy can visit their official website at www.royceinvest.com. Here, potential and current shareholders can discover more details about how the Fund operates and its investment philosophies. As December approaches, stockholders can look forward to this year-end distribution, which reflects the Fund's commitment to its shareholders and their investment experience.
Topics Financial Services & Investing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.