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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)
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Closing Prices – December 31, 2011 |
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NAV
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$14.18
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MKT
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$12.27
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Total Return Performance | | | | | | |
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Periods ended December 31, 2011
| | | NAV | | | | MKT |
| | | | | | |
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Month*
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-1.45
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%
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1.18
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%
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Year to Date*
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-10.06
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-10.46
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One-Year
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-10.06
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-10.46
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Three-Year Average Annual
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19.21
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17.86
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Five-Year Average Annual
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-0.65
| | | | |
-4.91
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10-Year Average Annual
| | |
6.10
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5.59
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*Not Annualized
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Portfolio Diagnostics | | | |
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Wtd. Average Geometric Mkt. Cap:
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$1310 million
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Wtd. Average P/E Ratio:
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14.2*
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Wtd. Average P/B Ratio:
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1.6x
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Net Assets Applicable to Common Stock:
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$1187 million
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Net Leverage:
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14.6 %
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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 | | % of Net Assets |
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1. Coherent
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1.3%
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2. HEICO Corp.
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1.2
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3. Oil States International
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1.2
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4. Alleghany Corp.
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1.1
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5. Advisory Board (The)
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1.0
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6. Woodward
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1.0
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7. Carter’s
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1.0
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8. Mohawk Industries
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0.9
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9. Sapient Corp.
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0.9
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10. Simpson Manufacturing
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0.9
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Top Five Sectors | | % of Net Assets |
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1. Industrials
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29%
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2. Information Technology
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24
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3. Financials
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21
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4. Consumer Discretionary
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13
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5. Materials
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11
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Recent Developments
Royce Value Trust, Inc. (NYSE – RVT paid a distribution of $0.20 per
share on its Common Stock. The distribution, optionally payable in
additional shares of Common Stock, or in cash by specific stockholder
election, on December 23, 2011 to stockholders of record at the close of
business on December 6, 2011 (ex-dividend on December 2, 2011). The
price of shares issued for reinvestment determined on December 13, 2011,
was $11.94.
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 on December 23, 2011
to stockholders of record at the close of business on December 6, 2011
(ex-dividend on December 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
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