Royce Value Trust, Inc. (NYSE: RVT) has declared a distribution of $0.03 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on December 23, 2010 to stockholders of record at the close of business on December 6, 2010 (ex-dividend on December 2, 2010). The price of shares issued for reinvestment will be determined on December 13, 2010.

For Federal income tax purposes, approximately 82% of the distribution will be characterized as qualified dividend income (taxable at long-term capital gain rates) and 18% as ordinary income.

Royce Value Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock and Preferred Stock (NYSE – RVT.prb) are listed and traded on the New York Stock Exchange. The Fund’s primary investment goal is long-term capital growth, which it seeks by normally investing at least 75% of its assets in equity securities primarily of small- and micro-cap companies.

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

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