(Source: Business Wire)
Royce Micro-Cap Trust (NYSE: RMT)
Only micro-cap closed-end fund
Average weekly trading volume of approximately 281,000 shares
Fund's adviser has more than 35 years of small- and micro-cap
investment experience
Closing Prices -- August 31, 2009
NAV $ 7.98
MKT $ 6.65
-------------------------------------------------------------------------------
Total Return Performance
Periods ended August 31, 2009 NAV MKT
1 Month* 2.70% 2.15%
Year to Date* 31.33 24.44
One-Year -22.26 -30.79
Three-Year Average Annual -7.31 -14.24
Five-Year Average Annual 2.24 -1.49
10-Year Average Annual 8.70 8.68
*Not annualized
-------------------------------------------------------------------------------
Portfolio Diagnostics
Wtd Average Market Cap: $351 million
Wtd. Average P/E Ratio: 19.3x*
Wtd. Average P/B Ratio: 2.0x
Wtd. Average Portfolio Yield: 1.0%
Net Assets Attributable to Common Stock: $278 million
Net Leverage: 5.3%
*Excludes 21% of portfolio holdings with zero or negative earnings as of 8/31/09.
-------------------------------------------------------------------------------
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. Sapient Corp. 1.7%
2. Seneca Foods 1.7
3. Pegasystems 1.2
4. Spherion Corp. 1.1
5. Tennant Co. 1.1
6. Deswell Industries 1.1
7. Universal Truckload Svcs. 1.0
8. SteinMart 1.0
9. Movado Group 1.0
10. FBR Capital Markets 0.9
Top Five Industries % of Net Assets
1. Industrial Products 22%
2. Technology 19
3. Industrial Services 13
4. Natural Resources 11
5. Health 10
-------------------------------------------------------------------------------
Recent Developments
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 September 23, 2009 to stockholders of record
at the close of business on September 8, 2009 (ex-dividend on September
3, 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.
