Royce Micro-Cap Trust (NYSE: RMT) As Of June 30, 2012

Royce Micro-Cap Trust (NYSE: RMT)

Closing Prices – June 30, 2012
 
 

NAV

$ 10.20

MKT

$ 8.92
 

Total Return Performance

Periods ended June 30, 2012

NAV

MKT
 
1 Month* 4.69%

4.20%
Year to Date*

6.48

4.69
One-Year -4.68

-3.71
Three-Year Average Annual 15.95

17.82
Five-Year Average Annual -1.45

-4.00
10-Year Average Annual

7.17

6.21

*Not annualized

Portfolio Diagnostics
   
 
Wtd Average Geometric Market Cap: $315million
Wtd. Average P/E Ratio: 15.6x*
Wtd. Average P/B Ratio: 1.3x
Net Assets Applicable to Common Stock: $353 million
Net Leverage: 9.7%

*Excludes 21% of portfolio holdings with zero or negative earnings as of 6/30/12.

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 2.2%
2. Epoch Holding Corp. 1.5
3. Advisory Board (The) 1.4
4. Raven Industries 1.4
5. Seneca Foods Cl. B 1.3
6. Tennant Company 1.3
7. America’s Car-Mart 1.2
8. Sapient Corp. 1.2
9. Flexsteel Industries 1.2
10. Quaker Chemical 1.2
 

Top Five Sectors

% of Net Assets
1. Industrials 28%
2. Financials 22
3. Information Technology 21
4. Consumer Discretionary 13
5. Materials 9

Recent Developments

Royce Micro-Cap Trust, Inc. (NYSE-RMT) paid 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, was paid on June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend on June 4, 2012). The price of shares issued for reinvestment was $8.61.

Royce Micro-Cap Trust, Inc. paid 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 was paid on June 25, 2012 to stockholders of record at the close of business on June 6, 2012 (ex-dividend on June 4, 2012).

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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