Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly
distribution of $0.13 per share on its Common Stock. The distribution,
optionally payable in additional shares of Common Stock, or in cash by
specific stockholder election, is to be paid on June 25, 2012 to
stockholders of record at the close of business on June 6, 2012
(ex-dividend on June 4, 2012). The price of shares issued for
reinvestment will be determined on June 13, 2012.
The Fund currently has a policy of paying quarterly distributions on its
Common Stock. Distributions are being made at the annual rate of 5% of
the rolling average of the prior four calendar quarter-end NAVs, with
the fourth quarter distribution being the greater of 1.25% of the
rolling average or the minimum distribution required by IRS regulations.
The Fund expects to report a portion of the distribution as long-term
capital gains for tax purposes. Long-term capital gains will be
allocated pro-rata to all distributions for the year. The final
determination of the source of all distributions in 2012, including
potentially a return of capital, will be made at the end of the year.
Royce Micro-Cap Trust, Inc. is a closed-end diversified management
investment company whose shares of Common Stock and Preferred Stock
(NYSE – RMT.pra) 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 capitalizations of $750 million or less.
For further information on The Royce Fundssm, please visit
our web site at: www.roycefunds.com.