Royce Micro-Cap Trust, Inc. Declares First Quarter Dividend On Its 6.00% Cumulative Preferred Stock (NYSE-RMT.pra)

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 March 23, 2012 to stockholders of record at the close of business on March 6, 2012 (ex-dividend on March 2, 2012).

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.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes. Long-term capital gains will be allocated pro-rata to all distributions for the year. The final determination of the source of all distributions in 2012, including potentially a return of capital, will be made at the end of the year.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock (NYSE-RMT) and Preferred Stock are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalizations of $500 million or less.

For further information on The Royce Funds ^sm, please visit our web site at: www.roycefunds.com.

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