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Royce Global Value Trust to Reduce Investment Advisory Fee Effective January 1, 2019

NEW YORK, Oct. 5, 2018 /PRNewswire/ -- Royce Global Value Trust (RGT) (the "Fund") is pleased to announce a reduction in its contractual investment advisory fee rate that becomes effective on January 1, 2019.

Currently, the investment advisory agreement between Royce & Associates, LP ("Royce"), the Fund's investment adviser, and the Fund provides for fees to be paid monthly at an annual rate of 1.25% of the Fund's average daily net assets. Beginning in 2019, this fee will be lowered to 1.00%.

RGT is a closed-end fund that uses a core approach to provide wide exposure to both U.S. and non-U.S. small/mid-cap stocks, generally those with market caps up to $10 billion. The Fund focuses on companies with high returns on invested capital or those with strong fundamentals and/or prospects trading at what Royce believes are attractive valuations.

Charles Royce manages the Fund, assisted by Portfolio Managers David Nadel and Chris Flynn.

Chris Clark, Royce's CEO, said, "We're pleased to announce this reduction in the Fund's investment advisory fee, which is consistent with recent changes that we've made to our open-end portfolios that invest primarily in non-U.S. stocks."

About Royce & Associates, LP: Royce & Associates, LP, is the Fund's investment adviser and a small-cap equity specialist offering distinct investment strategies with unique risk/return profiles designed to meet a variety of investors' needs. For more than 40 years, our strategies have focused on active, risk-conscious investing driven by deep, fundamental company research. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures in the industry. Royce & Associates, LP is a subsidiary of Legg Mason Inc. (LM).

Investors should carefully consider the Fund's investment objective, risks, charges, and expenses before investing.

The Fund is a diversified, closed-end management investment company. Its investment goal is long-term capital growth. An investment in the Fund is subject to certain risks, including market risk. Shares of closed-end investment companies also frequently trade at a discount from their NAV per share. The market price of the Fund's shares of common stock is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its shares will trade at, below, or above its NAV per share.

Royce Fund Services, LLC. ("RFS") is a member of FINRA and files this material with FINRA on behalf of the Fund. RFS does not serve as a distributor or as an underwriter to the Fund.

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