Royce Micro-Cap Trust, Inc. (NYSE-RMT) Declares First Quarter Common Stock Distribution Of $0.13 Per Share

Royce Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly distribution of $0.13 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 March 23, 2012 to stockholders of record at the close of business on March 6, 2012 (ex-dividend on March 2, 2012). The price of shares issued for reinvestment will be determined on March 13, 2012.

The Fund currently has a policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 5% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 1.25% of the rolling average or the minimum distribution required by IRS regulations.

The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes. Long-term capital gains will be allocated pro-rata to all distributions for the year. The final determination of the source of all distributions in 2012, including potentially a return of capital, will be made at the end of the year.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock and Preferred Stock (NYSE – RMT.pra) 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 capitalizations of $500 million or less.

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

Copyright Business Wire 2010

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