Royce Micro-Cap Trust (NYSE: RMT) As Of October 31, 2011

Royce Micro-Cap Trust (NYSE: RMT) as of October 31, 2011
  • Only micro-cap closed-end fund
  • Average weekly trading volume of approximately 281,000 shares
  • Fund’s adviser has more than 35 years of small- and micro-cap investment experience

Closing Prices – October 31, 2011
   
 
NAV $ 10.07
MKT $ 8.59
 

Total Return Performance

Periods ended October 31, 2011

NAV

MKT
 
1 Month* 13.53% 12.43%
Year to Date* -7.27 -8.47
One-Year 3.86 4.82
Three-Year Average Annual 15.12 13.80
Five-Year Average Annual 0.03 -3.50
10-Year Average Annual 8.52 8.57
 
*Not annualized
 

Portfolio Diagnostics
 
Wtd Average Geometric Market Cap: $305 million
Wtd. Average P/E Ratio: 15.5x*
Wtd. Average P/B Ratio: 1.3x
Net Assets Applicable to Common Stock: $343 million
Net Leverage: 4.9%
 

*Excludes 21% of portfolio holdings with zero or negative earnings as of 10/31/11.
 

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. Kennedy-Wilson Holdings 2.0%
2. Sapient Corporation 1.5
3. Epoch Holding Corporation 1.4
4. Tennant Company 1.3
5. Charming Shoppes 1.2
6. Raven Industries 1.2
7. Richardson Electronics 1.1
8. Drew Industries 1.1
9. America’s Car-Mart 1.1
10. HEICO Corp. 1.1
 

Top Five Sectors

% of Net Assets
1. Industrials 26%
2. Information Technology 21
3. Financials 20
4. Consumer Discretionary 13
5. Materials 9

Recent Developments

Royce Micro-Cap Trust (NYSE: RMT) resumed a quarterly distribution policy for Common Stockholders, beginning in March 2011, at the annual rate of 5%.

Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra) 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 capitalization of $500 million or less.

Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. 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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