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Royce Value Trust, Inc. Common Message Board

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  • texasbroker2000 texasbroker2000 May 20, 2009 2:17 PM Flag

    change in distribution

    The preferred pays over 6%.

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    • The Board believes that this decision is in the best interests of the Common Stockholders. It will allow the Fund to retain assets, which Royce & Associates, LLC, the Fund’s investment adviser, deems crucial as it seeks to continue taking advantage of what it believes are excellent opportunities in the current small-cap marketplace. The Board also considered the potentially adverse tax consequences that could occur if this policy were to continue. In certain circumstances, returns of capital could be taxable for federal income tax purposes, and all or a portion of the Fund’s capital loss carryforwards from prior years could effectively be forfeited.

9.99+0.13(+1.32%)Feb 12 4:02 PMEST