Royce Small-Cap Trust (NYSE: RVT) Declares Fourth Quarter Distribution
Royce Small-Cap Trust, Inc. (NYSE-RVT) recently declared a fourth quarter distribution of $0.54 per share, which reflects its ongoing commitment to provide value to its shareholders. This distribution can be received in either additional shares of Common Stock or cash based on the specific election of stockholders. Shareholders of record will receive this payment, which is scheduled for December 24, 2025.
Understanding the Distribution Policy
The Fund has established a distribution policy that aims for quarterly distributions based on the performance of its net asset values (NAVs). The distribution rate stands at an annualized figure of 7%, calculated using the rolling average of the last four calendar quarters. This allows the Fund to maintain transparency while making investor returns a priority. In this quarter, the minimum distribution is valued at either 1.75% of the average or the federal regulations, showcasing the Fund's dedication to steady and predictable returns.
Estimated Allocation Overview
As of late November 2025, the estimated allocations for distributions will factor in various components, including net investment income and realized capital gains. The breakdown shows that the Fund's distribution is largely supported by net realized long-term gains, indicating a healthy performance in its investments this year.
Distribution Breakdown for Shareholders
For the fourth quarter distribution, net investment income comprises a small portion, while the majority stems from gains on long-term investments. This distribution structure allows the Fund to provide meaningful returns while managing risks effectively.
Fund Performance Metrics
Royce Small-Cap Trust has reported an average annual total return of 9.66%, indicating a commendable performance over the past five years leading to November 2025. The annualized current distribution rate is approximately 11.85%, reinforcing its commitment to delivering significant value through dividends.
Understanding Total Returns
The cumulative total return for the fiscal year, accounting for reinvestment, stands at 13.69%. This data provides potential investors critical insights into historical performance and investment efficacy, proving the Trust's resilience in an ever-changing market.
Corporate Overview of Royce Small-Cap Trust
Royce Small-Cap Trust, Inc. operates as a closed-end diversified management investment company. The Fund's primary goal is to achieve long-term growth by investing a minimum of 80% of its net assets in small-cap equity securities, defined by limitations in market capitalization relative to the Russell 2000 Index. This strategic focus is indicative of its proactive investment approach.
Frequently Asked Questions
What is the declared distribution amount for the current quarter?
The Fund has declared a distribution of $0.54 per share for the fourth quarter.
Can shareholders choose how they receive their distribution?
Yes, shareholders can opt to receive their distribution in additional shares of common stock or in cash based on their election.
What is the Fund's distribution policy?
The Fund's distribution policy entails paying quarterly distributions guided by a 7% annual rate based on the rolling average of the prior four quarter-end NAVs.
How does the Fund generate the income for distributions?
Distributions typically come from net investment income, net realized short-term gains, and net realized long-term gains.
What is the primary investment focus of Royce Small-Cap Trust?
The Fund primarily focuses on achieving long-term capital growth by investing at least 80% of its net assets in equity securities of small-cap companies.
