-
Oldest and largest small-cap closed-end fund
-
Average weekly trading volume of approximately 341,000 shares
-
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 – June 30, 2011 |
|
|
|
NAV
|
|
|
$17.19
|
|
MKT
| | |
$14.92
|
Total Return Performance |
|
|
| |
|
| |
Periods ended June 30, 2011 | | | | NAV | | | MKT |
|
|
|
Month*
| | | |
-2.41%
| | |
-2.01%
|
|
Year to Date*
| | | |
5.39
| | |
5.25
|
|
One-Year
| | | |
41.50
| | |
45.10
|
|
Three-Year Average Annual
| | | |
6.92
| | |
3.70
|
|
Five-Year Average Annual
| | | |
4.33
| | |
1.88
|
|
10-Year Average Annual
| | | |
7.78
| | |
7.54
|
|
|
|
*Not Annualized
|
Portfolio Diagnostics |
|
| |
|
|
|
Wtd. Average Geometric Mkt. Cap:
| | |
$1476 million
|
|
Wtd. Average P/E Ratio:
| | |
16.3*
|
|
Wtd. Average P/B Ratio:
| | |
1.9x
|
|
Net Assets Applicable to Common Stock:
| | |
$1371 million
|
|
Net Leverage:
| | |
9.4%
|
|
|
*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
|
1.1%
|
|
2.
| |
Oil States International
|
1.1
|
|
3.
| |
Sapient Corp.
|
1.0
|
|
4.
| |
HEICO Corp.
|
1.0
|
|
5.
| |
Nordson Corp.
|
1.0
|
|
6.
| |
Rofin-Sinar Technologies
|
0.9
|
|
7.
| |
Alleghany Corp.
|
0.8
|
|
8.
| |
Newport Corp.
|
0.8
|
|
9.
| |
Ritchie Bros. Auctioneers
|
0.8
|
|
10.
| |
Reliance Steel & Aluminum
|
0.8
|
|
|
Top Five Sectors | % of Net Assets |
|
1.
| |
Industrials
|
27%
|
|
2.
| |
Information Technology
|
21
|
|
3.
| |
Financials
|
21
|
|
4.
| |
Consumer Discretionary
|
12
|
|
5.
| |
Materials
|
11
|
Recent Developments
The Board of Directors of Royce
Value Trust, Inc. ("RVT") (NYSE:RVT) has approved, subject to
shareholder and other regulatory approvals, the contribution of a
portion 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.
RVT would contribute to RGT approximately $100 million of its cash
and/or securities and would then distribute all of the shares of RGT
common stock pro rata to the common stockholders of RVT. RGT will seek
to have its shares listed on the New York Stock Exchange. The
transaction is expected to be voted upon at a Special Meeting of RVT's
stockholders to be held once RVT has obtained certain regulatory
approvals from the SEC.
Royce Value Trust, Inc. (NYSE - RVT) paid 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 was 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 was determined on June 13,
2011.
Royce Value Trust, Inc. paid 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 was
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 (NYSE: RVT) resumed a quarterly distribution policy
for Common Stockholders, beginning in March 2011, at the annual rate of
5%.
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
© 2026 Canjex Publishing Ltd. All rights reserved.