Royce Value Trust (NYSE: RVT) As Of September 30, 2011

Royce Value Trust, Inc. (NYSE:RVT)

Closing Prices – September 30, 2011
 
NAV     $12.63
MKT $11.08

Total Return Performance
     

Periods ended September 30, 2011

NAV

MKT
 
Month* -14.73% -13.35%
Year to Date* -21.21 -20.47
One-Year -8.08 -4.54
Three-Year Average Annual -0.13 -1.21
Five-Year Average Annual -1.71 -5.14
10-Year Average Annual 6.77 6.49
 
*Not Annualized
 

Portfolio Diagnostics
 
Wtd. Average Geometric Mkt. Cap: $1136 million
Wtd. Average P/E Ratio: 12.5*
Wtd. Average P/B Ratio: 1.4x
Net Assets Applicable to Common Stock: $1074 million
Net Leverage:

17.1 %

*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
   
 

Top 10 Positions

% of Net Assets
1. Coherent, Inc. 1.6%
2. Alleghany Corp. 1.6
3. HEICO Corp. 1.6
4. Advisory Board (The) 1.3
5. Nordson Corp. 1.3
6. Oil States International 1.3
7. Sapient Corp. 1.2
8. E-L Financial 1.2
9. Carter’s 1.1
10. Ash Grove Cement Cl. B 1.1
 

Top Five Sectors

% of Net Assets
1. Industrials 38%
2. Financials 32
3. Information Technology 32
4. Consumer Discretionary 17
5. Materials 15

Recent Developments

Royce Value Trust, Inc. (NYSE - RVT) declared a quarterly distribution of $0.21 per share on its Common Stock. The price of shares issued for reinvestment was determined on September 13, 2011. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, was paid on September 23, 2011 to stockholders of record at the close of business on September 6, 2011.

Royce Value Trust, Inc. declared 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. The dividend was paid on September 23, 2011 to stockholders of record at the close of business on September 6, 2011 (ex-dividend on September 1, 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.

Copyright Business Wire 2010

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