(Source: Business Wire)
Royce Micro-Cap Trust (NYSE: RMT) as of May 31, 2009:
Only micro-cap closed-end fund
Average weekly trading volume of approximately 281,000 shares
Fund's adviser has more than 30 years of small- and micro-cap investment experience
Closing Prices -- May 31, 2009 NAV $ 6.87 MKT $ 5.80 Total Return Performance Periods ended May 31, 2009 NAV MKT 1 Month* 8.87% 0.52% Year to Date* 13.06 8.53 One-Year -35.79 -44.95 Three-Year Average Annual -12.17 -17.56 Five-Year Average Annual -1.64 -3.94 10-Year Average Annual 7.41 7.20 *Not annualized Portfolio Diagnostics Wtd Average Market Cap: $311 million Wtd. Average P/E Ratio: 11.9x* Wtd. Average P/B Ratio: 1.1x Wtd. Average Portfolio Yield: 1.2% Net Assets Attributable to Common Stock: $249 million Net Leverage: 0% *Excludes 21% of portfolio holdings with zero or negative earnings as of 5/31/09. Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets applicable to common stock. Portfolio Composition Top 10 Positions % of Net Assets 1. Seneca Foods Cl. B 2.0% 2. Sapient Corp. 1.4 3. Willbros Group 1.3 4. Pegasystems 1.2 5. Exactech 1.0 6. Universal Truckload Services 1.0 7. Hawkins 0.9 8. BCB Holdings 0.9 9. Tennant Co. 0.9 10. America's Car-Mart 0.9 Top Five Industries % of Net Assets 1. Industrial Products 21% 2. Technology 19 3. Industrial Services 14 4. Natural Resources 12 5. Financial Intermediaries 10 -------------------------------------------------------------------------------
Recent Development
On May 19, 2009, the Board of Directors of Royce Micro-Cap Trust suspended the Fund's 9% quarterly distribution policy for Common Stockholders in light of current market conditions and other factors. The Fund intends the suspension to continue until such time as it can again regularly distribute net realized gains, which should occur after it has utilized the Fund's capital loss carryforwards. Until such time, the Fund will distribute any net investment income on an annual basis in December.
Royce Micro-Cap Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on June 23, 2009 to stockholders of record at the close of business on June 8, 2009 (ex-dividend on June 4, 2009).
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $500 million or less.
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com
A service of YellowBrix, Inc.
