Royce Small-Cap Trust Declares $0.30 Q1 Distribution at 6.13% Yield
Royce Small-Cap Trust declared a first-quarter distribution of $0.30 per share, payable March 30 to holders of record as of March 12. This represents a 6.13% annualized current distribution rate based on NAV and comprises 32% net short-term gains and 68% net long-term gains.
1. Distribution Declaration
Royce Small-Cap Trust declared a common stock distribution of $0.30 per share for the first quarter. The distribution will be paid on March 30, 2026, to shareholders of record at the close of business on March 12, 2026, with an ex-dividend date on March 12.
2. Distribution Policy and Rate
Under its Distribution Policy, the Fund pays quarterly dividends at an annual rate of 7% on the rolling average of the prior four quarter-end NAVs. The current distribution equates to an annualized rate of 6.13% based on NAV as of February 28, 2026.
3. Allocation of Distribution Sources
The estimated allocation of the $0.30 distribution comprises 32% net realized short-term gains and 68% net realized long-term gains. There is no return of capital or net investment income in this distribution.
4. Fund Strategy and Objective
Royce Small-Cap Trust is a closed-end fund aiming for long-term capital growth by investing at least 80% of its assets in small-cap equities. Shares trade on the New York Stock Exchange and distributions may be taken in cash or reinvested into additional shares.