NEW YORK ,
June 1,
2023 /PRNewswire/ -- Royce Value Trust, Inc.
(NYSE-RVT) has declared a quarterly distribution of $0.25 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 June 23, 2023 to stockholders of
record at the close of business on June 12,
2023 (ex-dividend on June 9,
2023). The price of shares issued for reinvestment will be
determined on June 20, 2023.
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'.
The Fund's estimated sources of the distribution to be paid on
June 23, 2023 and for 2023
year-to-date are as follows:
Estimated Allocations
as of May 31, 2023
|
Fund
|
Distribution
Per Share
|
Net Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RVT
|
$0.25
|
$0.0061
(3 %)
|
$0.0128
(5 %)
|
$0.1807
(72 %)
|
$0.0504
(20 %)
|
Estimated Allocations
for 2023 through May 31, 2023
|
Fund
|
Distribution
Per Share
|
Net Investment
Income
|
Net Realized
Short-Term
Gains
|
Net Realized
Long-Term
Gains
|
Return of
Capital
|
RVT
|
$0.52
|
$0.0127
(3 %)
|
$0.0265
(5 %)
|
$0.3759
(72 %)
|
$0.1049
(20 %)
|
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.
Fund Performance and
Distribution Rate Information:
|
Fund
|
Average Annual
Total
Return (in relation to
NAV for the 5-year
period ending on
5/31/2023)1
|
Annualized Current
Distribution Rate
(expressed as a
percentage of NAV as
of 5/31/2023)2
|
Cumulative Total
Return (in relation to
NAV for the fiscal year
through 5/31/2023)3
|
Cumulative Fiscal
Year
Distribution Rate (as a
percentage of NAV as
of 5/31/2023)4
|
RVT
|
5.11 %
|
6.80 %
|
2.79 %
|
3.54 %
|
|
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
May 31, 2023. 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 May 31,
2023.
|
|
3 Cumulative Total Return
is the percentage change in the Fund's NAV from December 31, 2022
to May 31, 2023, 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, 2023 to May 31, 2023), as a
percentage of the Fund's NAV as of May 31, 2023.
|
About Royce Value Trust, Inc.
Royce Value 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 primary
investment goal is long-term capital growth, which it seeks by
normally investing at least 65% of its assets in equity securities
primarily of small- and micro-cap companies.
For further information on The Royce Fundssm, please
visit our web site at: www.royceinvest.com.
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SOURCE Royce Value Trust