On Monday Royce Micro-Cap Trust (NYSE-RMT) stock traded volume of 95655 shares during its last trading session as compared to its average volume of 118364 shares over the recent month. RMT ended its day with the negative stream along the move of -0.36% and closed at the price of $8.25 before opening at $8.3. It has total market capitalization is $340510500. 52week range of the stock remained $ 6.91 – 8.89 while its day lowest price was $8.23 and its hit its day highest price at $8.32.
On Dec. 2, 2019, Royce Micro-Cap Trust (NYSE-RMT) has disclosed 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 December 27, 2019 to stockholders of record at the close of business on December 12, 2019 (ex-dividend on December 11, 2019). The price of shares issued for reinvestment will be determined on December 19, 2019.
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.
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’.