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.
NEW YORK, March 2, 2020 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE:RMT) has declared a quarterly distribution of $0.16 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 March 24, 2020 to stockholders of record at the close of business on March 12, 2020 (ex-dividend on March 11, 2020). The price of shares issued for reinvestment will be determined on March 19, 2020.
The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.
The Fund's estimated sources of the distribution to be paid on March 24, 2020 and for 2020 year-to-date are as follows:
Estimated Allocations as of February 28, 2020
Fund |
Distribution Per Share |
Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains |
Return of Capital |
RMT | $0.16 | $0.00 (0%) | $0.00 (0%) | $0.1079 (67%) | $0.0521 (33%) |
Estimated Allocations for 2020 through February 28, 2020
Fund |
Distribution Per Share |
Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains |
Return of Capital |
RMT | $0.16 | $0.00 (0%) | $0.00 (0%) | $0.1079 (67%) | $0.0521 (33%) |
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.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Fund Performance and Distribution Rate Information:
Fund | Average Annual Total Return (in relation to NAV for the 5-year period ending on 2/28/2020)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 2/28/2020)2 |
Cumulative total return (in relation to NAV for the fiscal year through 2/28/2020)3 |
Cumulative fiscal year Distribution Rate (as a percentage of NAV as 2/28/2020)4 |
RMT | 5.02% | 7.26% | -8.41% | 1.81% |
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 February 28, 2020. 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 February 28, 2020.
3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2019 to February 28, 2020 assuming reinvestment of distributions paid.
4 The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period ( January 1, 2020 to February 28, 2020), as a percentage of the Fund's NAV as of February 28, 2020.
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 Fundssm, please visit our web site at: www.roycefunds.com.
SOURCE Royce Micro-Cap Trust
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.