 Royce Value Trust Announces Performance Data &
Portfolio Composition as of June 30, 2010
Royce & Associates, Inc.
New York, July 19, 2010 -- Royce Value Trust (RVT)
-- Oldest and largest small-cap closed-end fund
-- Average weekly trading volume of approximately 341,000 shares
-- Fund's adviser has more than 35 years of small- and micro-cap investment experience
Closing Prices - June 30, 2010
NAV $ 12.48
MKT $ 10.57
Total Return Performance
| Periods ended June 30, 2010 |
NAV |
MKT |
| 1 Month* |
-7.14% |
-6.13% |
| Year to Date* |
-3.03 |
-2.04 |
| One-Year |
25.43 |
25.68 |
| Three-Year Average Annual |
-9.99 |
-14.46 |
| Five-Year Average Annual |
1.15 |
-3.32 |
| 10-Year Average Annual |
6.44 |
6.49 |
*Not Annualized
Portfolio Diagnostics
| Wtd. Average Market Cap: |
$1073 million |
| Wtd. Average P/E Ratio: |
15.7* |
| Wtd. Average P/B Ratio: |
1.7x |
| Net Assets Attributable to Common Stock: |
$1044 million |
| Net Leverage: |
18% |
* The Fund's P/E ratio calculation excludes companies with zero or negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.
Portfolio Composition
| Top 10 Positions |
% of Net Assets |
| 1. Ashgrove Cement Cl. B |
1.1% |
| 2. Alleghany Corp. |
1.0 |
| 3. Sapient Corp. |
0.9 |
| 4. Coherent |
0.9 |
| 5. Alliance Bernstein Holding L.P. |
0.9 |
| 6. Sotheby's |
0.9 |
| 7. PAREXEL International |
0.9 |
| 8. SEACOR Holdings |
0.9 |
| 9. SEI Investments |
0.9 |
| 10. Cimarex Energy |
0.8 |
| Top Five Industries |
% of Net Assets |
| 1. Technology |
23% |
| 2. Industrial Products |
21 |
| 3. Industrial Services |
15 |
| 4. Financial Services |
13 |
| 5. Financial Intermediaries |
12 |
Recent Developments
Royce Value Trust, Inc. paid a cash dividend of $0.36875 per share on its Cumulative Preferred Stock, based on an annual rate of 5.90% of the initial liquidation preference of $25.00 per share. The dividend was paid on June 23, 2010 to stockholders of record at the close of business on June 7, 2010 (ex-dividend on June 3, 2010).
Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.
Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
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