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NEW YORK, June 27, 2019 /PRNewswire/ -- The proposed reorganization of Royce Low-Priced Stock Fund ("Low-Priced Stock") into Royce Micro-Cap Fund ("Micro-Cap") has received shareholder approval.
As part of the reorganization, all of the assets and liabilities of Low-Priced Stock will be exchanged for shares of Micro-Cap, with all values expected to be determined as of the closing of the NYSE (generally 4:00pm) on Friday, July 12, 2019. Upon completion of the reorganization, shareholders of Low-Priced Stock will become shareholders of Micro-Cap. No sales charges or redemption fees will be imposed in connection with the reorganization.
As of the close of business on Friday June 28, 2019, Low-Priced Stock will be closed to new purchases.
If you have any questions regarding this release, please call Investor Services at 1-800-337-6923.
About Royce Micro-Cap Fund
Micro-Cap seeks long-term growth of capital. Royce & Associates, LP ("Royce"), Micro-Cap's investment adviser, normally invests at least 80% of Micro-Cap's net assets in equity securities of micro-cap companies with market caps up to $1 billion. Royce uses multiple investment themes and offers wide exposure to micro-cap stocks by investing in companies with strong fundamentals and/or prospects selling at prices that Royce believes do not fully reflect these attributes. Royce considers companies with strong balance sheets, attractive growth prospects, and/or the potential for improvement in cash flow levels and internal rates of return, among other factors. James P. Stoeffel is Micro-Cap's lead portfolio manager, and Portfolio Manager Brendan J. Hartman manages Micro-Cap with him.
An investor should carefully consider the investment objective, risks, fees, charges, and expenses of Micro-Cap before investing or sending money. This and other important information about The Royce Funds can be found in the Funds' prospectus. To obtain a prospectus, and information about The Royce Funds, please call (800) 221-4268 or visit www.roycefunds.com. Please read the prospectus carefully before investing. Distributor: Royce Fund Services, LLC.
Royce Low-Priced Stock Fund
Investment Class: RLPHX, 780905246
Service Class: RYLPX, 780905808
Royce Micro-Cap Fund
Investment Class: RYOTX, 780905709
Service Class: RMCFX, 780905659
Consultant Class: RYMCX, 780905774
About Royce & Associates, LP: Royce & Associates, LP, is a small-cap equity specialist offering distinct investment strategies with unique risk/return profiles designed to meet a variety of investors' needs. For more than 40 years, our strategies have focused on active, risk-conscious investing driven by deep, fundamental company research. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures in the industry. Royce & Associates, LP is a subsidiary of Legg Mason Inc. (NYSE:LM). Royce Fund Services, LLC, the Fund's distributor, is a member of FINRA and the SIPC.
SOURCE Royce & Associates
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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