Royce Small-Cap Trust, Inc. Announces $0.28 Distribution per Share
![Royce Small-Cap Trust, Inc. Announces $0.28 Distribution per Share](https://investorshangout.com/images/blog/ihnews-Royce%20Small-Cap%20Trust%2C%20Inc.%20Announces%20%240.28%20Distribution%20per%20Share.jpg)
Royce Small-Cap Trust, Inc. Declares $0.28 Distribution per Share
Royce Small-Cap Trust, Inc. (NYSE-RVT) has officially declared a quarterly distribution of $0.28 per share on its Common Stock. This distribution allows stockholders to opt for additional shares of Common Stock or receive cash. The payment arrangements demonstrate the Fund's commitment to delivering value to its investors, particularly those focusing on growth through small-cap investments.
Distribution Details and Policy
This distribution will be payable to stockholders who are of record at the close of business, with the payment date established firmly. The Fund maintains a distribution policy that disburses quarterly distributions based on an annual rate calculated from the rolling averages of the previous four calendar quarter-end net asset values (NAVs).
The current annual rate stands at 7%, with calculations guided by the previous performance of the Fund, illustrating a thoughtful approach tailored to investors' interests. Importantly, the Board of Directors retains the discretion to adjust this policy as necessary, ensuring adaptability in a dynamic market environment.
Understanding Returns of Capital
It is crucial for investors to comprehend the implications of a distribution that may include returns of capital. A return of capital can indicate that funds initially invested might be returned, and this aspect can often misrepresent the Fund's overarching investment performance. It’s essential that investors do not confuse the benefit of distributions with income generated, as the performance of the Fund should not only be analyzed through the lens of its payout.
Distribution Sources and Estimated Allocations
The Fund has provided estimates regarding the sources contributing to the distributions outlined earlier. Understanding these figures sheds light on the strategy employed by Royce Small-Cap Trust, illustrating its commitment to transparency and comprehensive investor communication.
The distribution amounts break down into distinct categories, including net investment income, realized gains, and returns of capital—key factors that reflect the operational health and strategic direction of the fund.
Fund Performance Metrics
Royce Small-Cap Trust, Inc. showcases significant performance metrics related to both historical averages and current distributions. Over a five-year horizon, the average annual total return relative to NAV currently stands impressive, revealing the effectiveness of the Fund's methodology and market position. Metrics like the annualized current distribution rate and cumulative total return provide a multi-faceted view of performance for investors.
Insight Into the Fund's Strategy
The Fund is a closed-end diversified management investment entity, with a clear focus on long-term capital growth. It aims to invest at least 80% of its net assets in the equities of small-cap companies, reflecting a strategy grounded in identifying high-potential investments that yield sustainable growth. This approach underscores the Fund's reliability and the strategic foresight applied in asset management.
Key Contact Information
For further inquiries regarding the Fund, interested parties can connect with Peter Hoglund at (800) 348-1414. As the landscape of small-cap investments is nuanced, this point of contact facilitates direct communication for potential and existing investors.
Frequently Asked Questions
What is the declared distribution for Royce Small-Cap Trust, Inc.?
The declared distribution is $0.28 per share on the Common Stock for the current quarter.
How is the distribution paid to stockholders?
Stockholders can choose to receive their distribution in additional shares of Common Stock or in cash.
What is the annual distribution rate of the Fund?
The Fund has an annual distribution rate of 7%, based on the rolling averages of the prior four quarter-end NAVs.
What does a return of capital imply for investors?
A return of capital indicates that some or all of the invested funds may be returned to investors, and it should not be mistaken for a yield or income.
How does Royce Small-Cap Trust, Inc. pursue its investment strategy?
The Fund focuses on long-term capital growth by investing at least 80% of its net assets in equity securities of small-cap companies.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Board Changes at Colabor Group Inc. Announced Today
- Petrus Resources Announces Dividend for Shareholders This Month
- Investors Can Lead DexCom, Inc. Securities Fraud Action
- Class Action Lawsuit Filed Against MongoDB, Inc. (MDB)
- Pomerantz Law Firm Files Class Action Against CAE Inc. - CAE
- Class Action Lawsuit Filed Against American Airlines Group Inc. AAL
- Alumis Inc. to Engage Investors at September Conferences
- PBF Energy Announces Q3 2024 Earnings Call Details
- Invesco Advisers, Inc. Updates Investment Restrictions for Funds
- John Hancock Funds Announce Quarterly Distributions Details
- John Hancock Funds Announce Monthly Distributions for Investors
- Graphic Packaging Holding Company Operating Conditions and Outlook
- Centerspace Declares Dividend and Announces Share Updates
- Sportsman’s Warehouse Reports Q2 2024 Financial Performance
- ParaZero Reports Strong Progress and Financial Performance
- Elutia Inc. Engages Investors at Major Conferences Soon
- Avid Bioservices Announces Q1 Fiscal 2025 Results Report Date
- Pomerantz Law Firm Files Class Action Against Symbotic Inc. SYM
- Pomerantz Law Firm Files Class Action Against Outset Medical, Inc.
- Class Action Filed Against PDD Holdings, Inc. - What You Need to Know
- UK and EU Strengthen Ties to Boost Economic Cooperation
- NASA Prepares for Exciting Europa Clipper Launch Event
- Nvidia Shares Drop as Chip Index and AI Optimism Wanes
- Kaskela Law Investigates Thoughtworks Holdings, Inc. Buyout
- Sun Communities, Inc. Announces Q3 2024 Distribution Details
Recent Articles
- Simpson Manufacturing Co. Marks 30 Years on NYSE with Ceremony
- MarineMax Joins Marine Mechanics Institute Tuition Program
- ONEOK to Engage at Barclays CEO Energy-Power Conference
- Akebia Therapeutics Offers Inducement Grants for New Employee
- BYD Reaffirms Commitment to Mexican Electric Car Plant Plans
- White House Urges Stronger Internet Routing Security Measures
- Royce Small-Cap Trust, Inc. Announces $0.28 Distribution per Share
- Dan Sogorka Takes Charge of Rocket's Mortgage Broker Division
- Empower Pharmacy Appoints Bob Irwin as President for Growth
- HEI Civil's Charity Golf Tournament Strengthens Community Bonds
- Rheumatoid Arthritis Drugs Market Forecasts for Major Growth
- U.S. Construction Spending Decline Shows Housing Market Struggles
- Volkswagen CEO Blume Faces Labor Union Challenges Ahead
- Ademi LLP Investigates SPAR Group's Transaction Fairness for Shareholders
- ProofPilot Enhances Advisory Board with Michelle Everill's Expertise
- DataFeedWatch by Cart.com Launches Native AI for Feed Management
- Starlight Children's Foundation Celebrates Childhood Cancer Month
- Cemat A/S Unveils Managerial Share Transactions Update
- US Stock Market Faces Challenges Amid Job Data Insights
- Growing Demand for Pick to Light Solutions Transforming Industries
- Constellation Brands Revises Fiscal 2025 Financial Outlook
- Polarean Imaging Welcomes Alan Huang as VP of Sales
- Altamira Therapeutics Attends H.C. Wainwright Conference 2024
- Fleet Management Software Market Growth to USD 93.17 Billion
- INmune Bio Inc. Joins Baird 2024 Global Healthcare Conference