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Royce Value Trust, Inc. Common Message Board

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  • Reply to

    why I just sold this dog..and this is why...

    by zbgb952 Mar 11, 2015 2:54 PM

    Good Afternoon....
    RVT has been good to a lot of us. We bought RVT quite a number of years ago a in the 14's. Then they had a RO at 10.58 and we" loaded up" with the over-subscription option. RVT, eventually went to 20+ and we unloaded our RO shares. We sold our remaining shares over time and the last shares when they reached our original mktbuyprc's. RVT, during the 2008 crash eliminated their dividend and put it back in place later with the mkt improvement [but not at the same div rate]. With that said....
    Currently some of us again have a position in the 13-14's and waiting for another RO when mkt conditions are more favorable to RVT. Your additional shares [if below 14.50] would have been a good investment over time [sole opinion of course]....
    If wanting cash, and broker not cooperating with your "written request", one would need to move on to a different broker where once they receive a "cash only" written request for your account [and acknowledged], the problem would then be "automatically" solved. Appears a new broker/brokerage is required [sole opinion]....

    Have a "GREAT" week....
    Live Long and Prosper....

    Best Regards,
    Eddie....

  • I pretty much agree with you. They should make the default to cash.

    Sentiment: Hold

  • I don't have a problem with a cef offering both cash dividends or additional stock.however i do not like it if they make the additional stock the number one choice unless the stock owner tells them otherwise!!! What a pain!!! This means that you have to keep up to date with all the little notices your broker sends you...and if you have 40 issues or more...what a pain!!! They should make cash dividends the choice unless told to do otherwise. The fact that they do it the way they do suggests they have an ulterior motive that ain't in the stock owner's best interest. Combine this with the fact that their unii is approaching zero...and what does that say? .. And they don't just do this once a year...it appears to be all the time.i looked at the history of what i was getting from them and it has always been shares (although i wasn't aware of this)..and guess what... The share price has been on a long term decline...

  • Several closed end funds offer the shareholder the option of taking cash or taking additional stock. Some do it for all distributions and some just for their year end distribution, such as ADX and PEO. This is nothing new, but maybe new to you. It's not a bad thing. In the case of RVT whose stock price is lower than the net asset value, I think you will find they are using the div. amt. to purchase stock in the open market so it does not cause dilution. This option on distributions (dividends) is not new. RVT's track record is about average, not as good as it could be. Years ago they had SEB (Seaboard) shares which were bought around $250 or so per share, and SEB is now around $3000-----RVT sold it below $300 which was not a good move.

    Sentiment: Hold

  • This is garbage!!! read my recent post on what I just discovered they are doing!! They apparently are not paying the dividend!!! They apparently are giving you a choice of getting dividend OR getting more shares...AND...getting more shares IS THE NUMBER 1 CHOICE..unless you go through the hassle of contacting them and telling them otherwise..and they have been doing this crap since I have owned them. I just got this notice from my broker today...and it provided a link to go tell them..and guess what..the link didn't work.

  • I just found out that RVT is not automatically paying my dividends!!! I got an electronic notice from my broker..I get many of these and simply don't have the time to look at them..but I did today..and saw that it is from RVT...with the CHOICE of getting more shares instead of the next dividend..and guess what?..not getting the dividend and getting the shares..IS THE AUTOMATIC CHOICE unless you go through the hassel of contacting them ... so you have to contact them every friggin time to collect the dividends..which is what I bought this garbage for in the first place!!! Can you believe this?..and the in the notice, they put an internet link where I could make this choice online.I tried going to this link...and got some Yahoo search nonsense that made no sense..that is..the link didn't work. I also noticed that in the past...they have been giving more of these declining shares instead of the dividends.... This is @*#&. Anyone feel the same way?

  • Nonsense. Don't believe it could quadruple. If RVT is up 10 % it would be a huge move.

    Sentiment: Buy

RVT
14.32+0.01(+0.07%)Apr 21 4:02 PMEDT