Royce Value Trust (NYSE: RVT) as of September 30, 2009

• Press Release
• Source: Royce Value Trust
• On 9:08 am EDT, Wednesday October 14, 2009

NEW YORK--(BUSINESS WIRE)--Royce Value Trust (NYSE: RVT - News):

• Oldest and largest small-cap closed-end fund
• Average weekly trading volume of approximately 341,000 shares
• Fund’s adviser has more than 35 years of small- and micro-cap investment experience

Related Quotes

Symbol	Price	Change
RVT	9.99	-0.18

{"s" : "rvt","k" : "c10,l10,p20,t10","o" : "","j" : ""}

*The Fund’s P/E ratio calculation excludes companies with zero or negative earnings.

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

Recent Developments

Royce Value Trust, Inc. paid a cash dividend of $0.36875 per share on its Cumulative Preferred Stock, based on an annual rate of 5.90% 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 Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.

Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.

For Royce Value Trust
John D. Diederich, 212-355-7311