NEW YORK -- (Business Wire)
Royce Value Trust (NYSE: RVT) asofMay 31, 2011
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Oldest and largest small-cap closed-end fund
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Average weekly trading volume of approximately 341,000 shares
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Fund’s adviser has more than 35 years of small- and micro-cap
investment experience
Closing Prices – May 31, 2011
NAV $17.85
MKT $15.43
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Total Return Performance
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Periods ended May 31, 2011
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NAV
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MKT
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Month*
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-3.09
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%
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-2.65
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%
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Year to Date*
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7.99
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7.41
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One-Year
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34.72
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39.00
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Three-Year Average Annual
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4.57
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-0.24
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Five-Year Average Annual
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4.73
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1.52
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10-Year Average Annual
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8.48
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7.98
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*Not Annualized
Portfolio Diagnostics
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Wtd. Average Geometric Mkt. Cap:
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$1500 million
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Wtd. Average P/E Ratio:
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17.4*
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Wtd. Average P/B Ratio:
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2.0x
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Net Assets Applicable to Common Stock:
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$1407 million
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Net Leverage:
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7.3%
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*The Fund’s P/E ratio calculation excludes companies with zero or
negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of
equity type investments, divided by net assets, applicable to common
stock.
Portfolio Composition
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Top 10 Positions
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% of Net Assets
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1. Coherent
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1.1%
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2. Oil States International
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1.1
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3. HEICO Corp.
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1.0
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4. Sapient Corp.
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0.9
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5. Nordson Corp.
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0.9
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6. Rofin-Sinar Technologies
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0.8
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7. Alleghany Corp.
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0.8
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8. Newport Corp.
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0.8
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9. Ritchie Bros. Auctioneers
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0.8
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10. MAXIMUS
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0.8
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Top Five Sectors
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% of Net Assets
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1. Industrials
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26%
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2. Financials
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20
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3. Information Technology
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20
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4. Consumer Discretionary
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12
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5. Materials
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11
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Recent Developments
Royce Value Trust (NYSE: RVT) resumed a quarterly distribution policy
for Common Stockholders, beginning in March 2011, at the annual rate of
5%.
Royce Value Trust, Inc. (NYSE - RVT) has declared a quarterly
distribution of $0.19 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, 2011 to
stockholders of record at the close of business on June 6, 2011
(ex-dividend on June 2, 2011). The price of shares issued for
reinvestment will be determined on June 13, 2011.
Royce Value Trust, Inc. has declared a cash dividend of $0.36875 per
share on its Cumulative Preferred Stock, based on an annual rate of
5.90% of the initial liquidation preference of $25.00 per share. The
dividend is to be paid on June 23, 2011 to stockholders of record at the
close of business on June 6, 2011 (ex-dividend on June 2, 2011).
Royce Value Trust is a closed-end diversified management investment
company whose shares of Common (RVT) and 5.90% Cumulative Preferred
Stock (RVTprb) are listed and traded on the New York Stock Exchange. Its
primary investment goal is long-term capital growth, which it seeks by
investing at least 65% of its assets in equity securities primarily of
small- and micro-cap companies.
Daily net asset values (NAVs) for Royce Value Trust are now available on
our website and online through most ticker symbol lookup services and on
broker terminals under the symbol XRVTX. For more information, please
call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
Contacts:
Royce Value Trust
John D. Diederich, 212-355-7311
Source: Royce Value Trust
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