News Column

Royce Micro-Cap Trust (NYSE: RMT) as of May 31, 2014

June 23, 2014

  • Only micro-cap closed-end fund
  • Average weekly trading volume of approximately 281,000 shares
  • Fundís adviser has more than 35 years of small- and micro-cap investment experience

    NEW YORK--(BUSINESS WIRE)-- Royce Micro-Cap Trust (NYSE: RMT):

    Closing Prices May 31, 2014

    NAV

    $ 13.50

    MKT

    $ 12.27

    Total Return Performance

    Periods ended May 31, 2014

    NAV

    MKT

    1 Month* -0.07 % 2.51 %
    Year to Date* -2.64 -0.91
    One-Year 22.64 24.08
    Three-Year Average Annual 13.49 15.39
    Five-Year Average Annual 20.47 22.26
    10-Year Average Annual 8.85 8.37


    *Not annualized

    Portfolio Diagnostics

    Wtd Average Geometric Market Cap: $390million
    Wtd. Average P/E Ratio: 21.6*
    Wtd. Average P/B Ratio: 1.7x
    Net Assets: $418million
    Net Leverage: 15.0%


    *Excludes 21% of portfolio holdings with zero or negative earnings as of5/31/14.

    Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets.

    Portfolio Composition

    Top 10 Positions

    % of Net Assets

    1. Integrated Electrical Svcs. 1.5%
    2. Mesa Laboratories 1.0
    3. Universal Electronics 1.0
    4. Flexsteel Industries 1.0
    5. Drew Industries 1.0
    6. Silvercrest Asset Mgmt. Cl. A. 1.0
    7. NN,Inc. 1.0
    8. Sun Hydraulics Corp. 1.0
    9. Hollysys Automation Technology 1.0
    10. Exatech, Inc. 1.0

    Top Five Sectors

    % of Net Assets

    1. Industrials 28%
    2. Information Technology 21
    3. Financials 17
    4. Consumer Discretionary 15
    5. HealthCare 9


    Recent Developments

    Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange. The Fundís 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 capitalization of $750 million or less.

    Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com



    Royce Micro-Cap Trust

    John D. Diederich, (212) 355-7311


    Source: Royce Micro-Cap Trust


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    Source: Business Wire


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