Royce Micro-Cap Trust (NYSE: RMT) as of  October 31, 2012

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Royce Micro-Cap Trust (NYSE: RMT) as of  October 31, 2012

  • 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

NEW YORK--(BUSINESS WIRE)-- Royce Micro-Cap Trust (NYS: RMT) :

Closing Prices October 31, 2012
   

NAV

$ 10.52

MKT

$ 9.11

 
    

Total Return Performance

Periods ended October 31, 2012

NAV

MKT

 

1 Month*

-2.14%

-3.60%

Year to Date*

11.24

8.30

One-Year

10.74

12.42

Three-Year Average Annual

13.18

14.64

Five-Year Average Annual

-0.40

-1.05

10-Year Average Annual

10.37

9.86
 
*Not annualized
 

Portfolio Diagnostics

  
 
Wtd Average Geometric Market Cap:

$330 million

Wtd. Average P/E Ratio:16.1x*
Wtd. Average P/B Ratio:1.4x
Net Assets Applicable to Common Stock:$365 million
Net Leverage:9.7%
 

*Excludes 21% of portfolio holdings with zero or negative earnings as of10/31/12.


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 Holdings2.2%
2. Integrated Electrical Services1.9
3. Epoch Holding Corp.1.6
4. Quaker Chemical1.4
5. Computer Task Group1.3
6. Advisory Board (The)1.3
7. Seneca Foods Cl. B1.3
8. America's Car-Mart1.3
9. Sapient Corp.1.2
10. Richardson Electronics1.2
 

Top Five Sectors

 

 

 

% of Net Assets

1. Industrials29%
2. Information Technology24
3. Financials

20

4. Consumer Discretionary12
5. Materials

10

 

Recent Developments

The Board of Directors Royce Micro-Cap Trust, Inc. has approved the redemption of all of the Fund's outstanding 6.00% Cumulative Preferred Stock (RMTpra) on November 15, 2012. A senior secured credit facility provided by a financial institution will be used to redeem and replace a portion of the outstanding Preferred Shares.

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



Royce Micro-Cap Trust, Inc.
John D. Diederich, 212-355-7311

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Royce Micro-Cap Trust (NYS: RMT) as of  October 31, 2012 originally appeared on Fool.com.

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