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In release dated Aug. 21, 2012, figure in
Portfolio Diagnostics table for Net Assets Applicable to Common Stock should read: $1199 million (sted $1198 million).
The corrected release reads:
ROYCE VALUE TRUST (NYSE: RVT) AS OFJULY 31, 2012
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
Royce Value Trust (NYSE: RVT)Closing Prices – July 31, 2012
Total Return Performance
Periods ended July 31, 2012
Year to Date*
Three-Year Average Annual
Five-Year Average Annual
10-Year Average Annual
Wtd. Average Geometric Mkt. Cap:
Wtd. Average P/E Ratio:
Wtd. Average P/B Ratio:
Net Assets Applicable to Common Stock:
*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.
Top 10 Positions
% of Net Assets
3. Nordson Corp.
4. Advisory Board (The)
5. Mohawk Industries
6. MAXIMUS, Inc.
7. HEICO Corp.
8. PAREXEL International
9. Lazard Ltd.
10. Cognex Corp.
Top Five Sectors
% of Net Assets
2. Information Technology
4. Consumer Discretionary
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.