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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
NEW YORK -- (Business Wire)
Royce Value Trust (NYSE: RVT):
Closing Prices – February 29, 2012 |
|
| |
|
NAV
| |
$16.09
|
|
MKT
| |
$14.13
|
Total Return Performance |
| |
| |
Periods ended February 29, 2012 | | NAV | | MKT |
| | | |
|
|
Month*
| |
3.87%
| |
4.98%
|
|
Year to Date*
| |
13.47
| |
15.16
|
|
One-Year
| |
-2.77
| |
-1.81
|
|
Three-Year Average Annual
| |
35.01
| |
34.92
|
|
Five-Year Average Annual
| |
1.41
| |
-2.96
|
|
10-Year Average Annual
| |
7.32
| |
6.51
|
| | | |
|
|
*Not Annualized
| | | | |
Portfolio Diagnostics |
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| |
|
|
Wtd. Average Geometric Mkt. Cap:
| |
$1461 million
|
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Wtd. Average P/E Ratio:
| |
15.7*
|
|
Wtd. Average P/B Ratio:
| |
1.8x
|
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Net Assets Applicable to Common Stock:
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$1317 million
|
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Net Leverage:
| |
11.8 %
|
| |
|
*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 |
| |
| |
|
Top 10 Positions | | % of Net Assets |
|
1. Coherent
| |
1.0%
|
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2. HEICO Corp.
| |
0.9
|
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3. Nordson Corp.
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0.9
|
|
4. Oil States International, Inc.
| |
0.8
|
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5. Alleghany Corp.
| |
0.8
|
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6. Carter’s Inc.
| |
0.8
|
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7. Cognex Corp.
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0.8
|
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8. Lincoln Electric Holdings, Inc.
| |
0.7
|
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9. Lazard, Ltd.
| |
0.7
|
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10. Advisory Board Co. (The)
| |
0.7
|
| |
|
Top Five Sectors | | % of Net Assets |
|
1. Industrials
| |
28%
|
|
2. Information Technology
| |
23
|
|
3. Financials
| |
21
|
|
4. Consumer Discretionary
| |
14
|
|
5. Materials
| |
11
|
Recent Developments
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 March 23, 2012 to
stockholders of record at the close of business on March 6, 2012
(ex-dividend on March 2, 2012). The price of shares issued for
reinvestment will be determined on March 13, 2012. Royce Value Trust
currently has a quarterly distribution policy for Common Stockholders,
at the annual rate of 5%.
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 March 23, 2012 to stockholders of record at
the close of business on March 6, 2012 (ex-dividend on March 2, 2012).
The Board of Directors of Royce Value Trust, Inc. has approved, subject
to stockholder and other regulatory approvals, the contribution of
approximately $100 million of RVT’s assets to a newly formed
non-diversified, closed-end investment company, Royce Global Value
Trust, Inc. (“RGT”). All of RGT’s common stock would then be distributed
to the common stockholders of RVT. There is no assurance that necessary
stockholder and regulatory approvals will be obtained.
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, Inc.
John D. Diederich, 212-355-7311
Source: Royce Value Trust, Inc.
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