NEW YORK--(BUSINESS WIRE)--Royce Micro-Cap Trust (NYSE: RMT)
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Closing Prices – August 31, 2012 |
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| NAV | $10.25 | |||
| MKT | $8.97 | |||
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Total Return Performance |
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Periods ended August 31, 2012 |
NAV |
MKT |
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| 1 Month* | 3.12% | 2.75% | ||||||
| Year to Date* | 7.00 | 5.27 | ||||||
| One-Year | 6.33 | 7.03 | ||||||
| Three-Year Average Annual | 12.28 | 14.13 | ||||||
| Five-Year Average Annual | -0.08 | -2.10 | ||||||
| 10-Year Average Annual | 9.13 | 8.17 | ||||||
| *Not annualized |
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Portfolio Diagnostics |
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| Wtd Average Geometric Market Cap: |
$320 million |
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| Wtd. Average P/E Ratio: | 15.9x* | |||
| Wtd. Average P/B Ratio: | 1.3x | |||
| Net Assets Applicable to Common Stock: | $355 million | |||
| Net Leverage: | 10.3% |
*Excludes 21% of portfolio holdings with zero or negative earnings as of 8/31/12.
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.
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Portfolio Composition |
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Top 10 Positions |
% of Net Assets |
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| 1. Kennedy-Wilson Holdings | 2.2% | |||
| 2. America’s Car-Mart | 1.4 | |||
| 3. Epoch Holding Corp. | 1.4 | |||
| 4. Seneca Foods Cl. B | 1.4 | |||
| 5. Tennant Company | 1.3 | |||
| 6. Quaker Chemical | 1.3 | |||
| 7. Advisory Board (The) | 1.2 | |||
| 8. Richard Electronics, Ltd. | 1.2 | |||
| 9. Raven Industries | 1.2 | |||
| 10. Sapient Corp. | 1.2 | |||
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Top Five Sectors |
% of Net Assets |
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| 1. Industrials | 28% | |||
| 2. Information Technology | 24 | |||
| 3. Financials | 20 | |||
| 4. Consumer Discretionary | 13 | |||
| 5. Materials | 9 |
Recent Developments
Royce Micro-Cap Trust, Inc. (NYSE-RMT) has paid a quarterly distribution of $0.12 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 September 24, 2012 to stockholders of record at the close of business on September 6, 2012 (ex-dividend on September 4, 2012). The price of shares issued for reinvestment determined on September 13, 2012 was $9.25.
Royce Micro-Cap Trust, Inc. has 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 September 24, 2012 to stockholders of record at the close of business on September 6, 2012 (ex-dividend on September 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.
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com