(Source: Business Wire)
Royce Micro-Cap Trust, Inc. (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 -- September 30, 2009
NAV $ 8.57
MKT $ 7.30
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Total Return Performance
Periods ended September 30, 2009 NAV MKT
1 Month* 7.39% 9.77%
Year to Date* 41.04 36.60
One-Year -6.47 -7.64
Three-Year Average Annual -5.19 -11.50
Five-Year Average Annual 2.70 -0.61
10-Year Average Annual 9.62 9.62
*Not annualized
Portfolio Diagnostics
Wtd Average Market Cap: $383 million
Wtd. Average P/E Ratio: 16.5x*
Wtd. Average P/B Ratio: 1.4x
Wtd. Average Portfolio Yield: 0.9%
Net Assets Attributable to Common Stock: $294 million
Net Leverage: 7.1%
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*Excludes 21% of portfolio holdings with zero or negative earnings as
of 9/30/09.
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. Prospect Acquisition 2.1%
2. Sapient Corp. 1.7
3. Seneca Foods Cl. B 1.7
4. Pegasystems 1.2
5. Spherion Corp. 1.2
6. Tennant Company 1.1
7. RTI International Metals 1.1
8. Movado Group 1.0
9. Willbros Group 1.0
10. Stein Mart 1.0
Top Five Industries % of Net Assets
1. Industrial Products 22%
2. Technology 20
3. Industrial Services 13
4. Natural Resources 11
5. Financial Intermediaries 10
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Recent Developments
Royce Micro-Cap Trust, Inc. paid 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 was
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.
