Royce Micro-Cap Trust Sets $0.19 Q1 Distribution, Yields 5.5% on NAV
Royce Micro-Cap Trust declared a $0.19 per share quarterly distribution payable March 30 to holders of record on March 12, with reinvestment share pricing set on March 20. This distribution reflects a 5.50% annualized NAV yield as of Feb. 28, funded 88% by long-term gains and 12% by short-term gains.
1. Distribution Declaration
Royce Micro-Cap Trust declared a $0.19 per share distribution for the first quarter, payable on March 30 to stockholders of record at the close of business on March 12. Shareholders may elect to receive distributions in additional shares, with the price for reinvested shares determined on March 20.
2. Policy and Funding Breakdown
Under its distribution policy targeting an annual rate of 7% of rolling average NAVs, the $0.19 payout equates to a 5.50% annualized distribution rate based on NAV as of February 28. Estimated allocations show 88% funded by net realized long-term gains and 12% by short-term gains.
3. Recent Performance Metrics
As of February 28, the fund’s five-year average annual NAV total return was 9.28%, and its cumulative NAV return for the fiscal year through that date reached 17.22%. The cumulative fiscal year distribution rate stood at 1.37% of NAV.