NEW YORK, Jul 20, 2012 (BUSINESS WIRE) -- --Average weekly trading volume of approximately 281,000 shares
--Fund's adviser has more than 35 years of small- and micro-cap investment experience
Royce Micro-Cap Trust RMT -1.74%
Closing Prices - June 30, 2012
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NAV $ 10.20
MKT $ 8.92
Total Return Performance
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Periods ended June 30, 2012 NAV MKT
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1 Month* 4.69% 4.20%
Year to Date* 6.48 4.69
One-Year -4.68 -3.71
Three-Year Average Annual 15.95 17.82
Five-Year Average Annual -1.45 -4.00
10-Year Average Annual 7.17 6.21
*Not annualized
Portfolio Diagnostics
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Wtd Average Geometric Market Cap: $315million
Wtd. Average P/E Ratio: 15.6x*
Wtd. Average P/B Ratio: 1.3x
Net Assets Applicable to Common Stock: $353 million
Net Leverage: 9.7%
*Excludes 21% of portfolio holdings with zero or negative earnings as of 6/30/12.
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
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Top 10 Positions % of Net Assets
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1. Kennedy-Wilson Holdings 2.2%
2. Epoch Holding Corp. 1.5
3. Advisory Board (The) 1.4
4. Raven Industries 1.4
5. Seneca Foods Cl. B 1.3
6. Tennant Company 1.3
7. America's Car-Mart 1.2
8. Sapient Corp. 1.2
9. Flexsteel Industries 1.2
10. Quaker Chemical 1.2
Top Five Sectors % of Net Assets
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1. Industrials 28%
2. Financials 22
3. Information Technology 21
4. Consumer Discretionary 13
5. Materials 9
Recent Developments
Royce Micro-Cap Trust, Inc. (NYSE-RMT) paid a quarterly distribution of $0.13 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, was paid on June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend on June 4, 2012). The price of shares issued for reinvestment was $8.61.
Royce Micro-Cap Trust, Inc. paid a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend was paid on June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend on June 4, 2012).
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $500 million or less.