Royce Value Trust, Inc. (NYSE: RVT) has declared a distribution of $0.24
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 December 24, 2012 to stockholders of record
at the close of business on December 6, 2012 (ex-dividend on December 4,
2012). The price of shares issued for reinvestment will be determined on
December 13, 2012.
The Fund 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.
Total distributions to Common Stockholders declared in 2012 were $0.78
per share. For Federal income tax purposes, approximately 36% of the
2012 distributions will be characterized as long-term capital gains,10%
as qualified dividend income and 54% as return of capital. Final
characterization will be determined at year-end and reported on 1099s.
Royce Value Trust, Inc. is a closed-end diversified management
investment company whose shares of Common Stock are listed and traded on
the New York Stock Exchange. The Fund’s primary investment goal is
long-term capital growth, which it seeks by normally investing at least
65% of its assets in equity securities primarily of small- and micro-cap
For further information on The Royce Fundssm, please visit
our web site at: www.roycefunds.com.