ROYCE MICRO-CAP TR INC
			Symbol			RMT

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Royce Micro-Cap Trust, Inc. Declares Fourth Quarter Dividend on its 6.00% Cumulative Preferred Stock (NYSE-RMT.pra)

2009-11-23 15:40 ET - News Release

NEW YORK -- (Business Wire)

Royce Micro-Cap Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on December 23, 2009 to stockholders of record at the close of business on December 7, 2009 (ex-dividend on December 3, 2009).

The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RMT.pra", is rated 'aaa' by Moody’s and has an annual dividend rate of $1.50 per share.

For Federal income tax purposes, approximately 30% of the 2009 distributions will be characterized as qualified dividend income (taxable at long-term capital gain rates), and 70% as return of capital. Treatment of a portion of the dividends as long-term capital gains has the effect of providing individual preferred stockholders with a higher ordinary income tax-equivalent yield.

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