Royce Small-Cap Trust Declares $0.31 Q2 Distribution, 6.11% Annualized Yield
RVT•Royce Small-Cap Trust declared a $0.31 per share common stock distribution payable June 29 to shareholders of record June 11, with election for cash or reinvestment. The distribution equates to a 6.11% annualized rate of NAV and comprises 77% long-term gains and 22% short-term gains.
1. Distribution Declaration
Royce Small-Cap Trust declared a quarterly distribution of $0.31 per share on its common stock, payable June 29, 2026, with record date June 11 and ex-dividend effective June 11. Shareholders may elect to receive distributions in cash or reinvest in additional common shares, with reinvestment price set on June 18.
2. Allocation Breakdown
The quarter’s $0.31 distribution is estimated to consist of 1% net investment income, 22% net realized short-term gains, and 77% net realized long-term gains, with no return of capital. Year-to-date through May 31, investors received $0.61 per share, following the same allocation proportions.
3. Performance Metrics
As of May 31, 2026, the Fund reported a 5-year average annual total return of 8.10%, a 16.94% cumulative total return for the fiscal year, and a 3.00% cumulative fiscal year distribution rate. The current distribution annualizes to a 6.11% rate of NAV, reflecting the Fund’s ongoing yield strategy.
4. Distribution Policy
The Fund maintains a policy targeting quarterly distributions at an annualized 7% rate of the rolling four-quarter average NAV, with the fourth quarter distribution set to the greater of 1.75% of the rolling average or IRS minimum requirements. The Board can adjust this policy and annual rate at its discretion.
