Royce Micro-Cap Trust, Inc. (NYSE:RMT) Declares Third Quarter Common Stock Distribution of $0.14 Per Share

NEW YORK--(BUSINESS WIRE)--Royce Micro-Cap Trust, Inc. (NYSE:RMT) has declared a quarterly distribution of $0.14 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on September 27, 2013 to stockholders of record at the close of business on September 16, 2013 (ex-dividend on September 12, 2013). The price of shares issued for reinvestment will be determined on September 23, 2013.

The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 5% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.25% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund’s Board of Directors.

The Fund’s estimated sources of the distribution to be paid on September 27, 2013 and for 2013 year-to-date are as follows:

Estimated Allocations as of August 31, 2013
			Net Realized	Net Realized
	Distribution	Net Investment	Short-Term	Long-Term	Return of Capital
Fund	Per Share	Income	Gains	Gains
RMT	$0.1400	$0.0007 (1%)	$0.0227 (16%)	$0.1166 (83%)	$0.0000 (0%)

Estimated Allocations for 2013 through August 31, 2013
			Net Realized	Net Realized
	Distribution	Net Investment	Short-Term	Long-Term	Return of Capital
Fund	Per Share	Income	Gains	Gains
RMT	$0.4100	$0.0020 (1%)	$0.0665 (16%)	$0.3415 (83%)	$0.0000 (0%)

You should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:
	Average Annual Total	Annualized Current	Cumulative total	Cumulative fiscal
	Return (in relation	Distribution Rate	return (in relation	year distributions
	to NAV for the 5-	(expressed as a	to NAV for the	(as a percentage of
	year period ending	percentage of NAV as	fiscal year through	NAV as of
Fund	on 08/31/2013)^1	of 08/31/2013)^2	08/31/2013)^3	08/31/2013)^4
RMT	7.67%	4.38%	19.90%	3.21%

¹ Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five year period ended August 31, 2013. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

² The annualized Current Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of August 31, 2013.

³ Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2012 to August 31, 2013, assuming reinvestment of distributions paid.

⁴ The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the current fiscal year period (January 1, 2013 to September 30, 2013), as a percentage of the Fund’s NAV as of August 31, 2013.

About Royce Micro-Cap Trust, Inc.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock 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 capitalizations of $750 million or less.

For further information on The Royce Funds^sm, please visit our web site at: www.roycefunds.com.