Royce Micro-Cap Trust (NYSE: RMT) As Of  November 30, 2011

Royce Micro-Cap Trust (NYSE: RMT):
 

Closing Prices – November 30, 2011
 

NAV

$ 10.00

MKT

$ 8.42
 

Total Return Performance
       
Periods ended November 30, 2011

NAV

MKT
 
1 Month*

-0.70%

-1.98%
Year to Date*

-7.92

-10.28
One-Year

-0.09

-0.71
Three-Year Average Annual

21.78

22.60
Five-Year Average Annual

-0.67

-5.69
10-Year Average Annual

7.83

7.47
 
*Not annualized
 

Portfolio Diagnostics
   
 
Wtd Average Geometric Market Cap: $308 million
Wtd. Average P/E Ratio: 16.0x*
Wtd. Average P/B Ratio: 1.3x
Net Assets Applicable to Common Stock: $341 million
Net Leverage: 4.2%
 

*Excludes 21% of portfolio holdings with zero or negative earnings as of 11/30/11.

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 1.8%
2. Epoch Holding Corp. 1.7
3. Sapient Corp. 1.5
4. Charming Shoppes

1.4

 
5. Tennant Company 1.4
6. Raven Industries 1.2
7. Vitrus Investment Partners 1.2
8. America’s Car-Mart 1.2
9. HEICO Corp. 1.1
10. Richardson Electronics

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, Inc. (NYSE-RMT) has declared a distribution of $0.14 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, 2011 to stockholders of record at the close of business on December 6, 2011 (ex-dividend on December 2, 2011). The price of shares issued for reinvestment will be determined on December 13, 2011.

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 December 23, 2011 to stockholders of record at the close of business on December 6, 2011 (ex-dividend on December 2, 2011).

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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