Royce Value Trust, Inc. (NYSE-RVT) declares First Quarter Common Stock Distribution of $0.27 Per Share
NEW YORK, March 1, 2024 /PRNewswire/ -- Royce Value Trust, Inc. (NYSE-RVT) has declared a quarterly distribution of $0.27 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 March 22, 2024 to stockholders of record at the close of business on March 11, 2024 (ex-dividend on March 8, 2024). The price of shares issued for reinvestment will be determined on March 18, 2024.
The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.
The Fund's estimated sources of the distribution to be paid on March 22, 2024 and for 2024 year-to-date are as follows:
Estimated Allocations as of February 29, 2024
Fund |
Distribution Per Share |
Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains |
Return of Capital |
RVT | $0.27 | $0.00 (0 %) | $0.0478 (18 %) | $0.2222 (82 %) | $0.00 (0 %) |
Estimated Allocations for 2024 through February 29, 2024
Fund |
Distribution Per Share |
Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains |
Return of Capital |
RVT | $0.27 | $0.00 (0 %) | $0.0478 (18 %) | $0.2222 (82 %) | $0.00 (0 %) |
You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information:
Fund | Average Annual | Annualized |
Cumulative Total |
Cumulative Fiscal |
RVT | 9.77 % | 6.47 % | 1.71 % | 1.62 % |
1 Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended February 29, 2024. Annual NAV Total Return is the percentage change in the Fund's NAV over a year, assuming reinvestment of distributions paid.
2 The Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of February 29, 2024.
3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2023 to February 29, 2024, assuming reinvestment of distributions paid.
4 The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2024 to February 29, 2024), as a percentage of the Fund's NAV as of February 29, 2024.
About Royce Value Trust, Inc.
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 companies. Effective May 1, 2024, the Fund's name will change from "Royce Value Trust, Inc." to "Royce Small-Cap Trust, Inc." and its investment policies will be amended to require it to invest, under normal circumstances, at least 80% of its net assets in equity securities of small-cap companies (i.e., those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution).
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SOURCE Royce Value Trust, Inc.
