Royce Value Trust (NYSE: RVT) as of November 30, 2012

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Royce Value Trust (NYSE: RVT) as ofNovember 30, 2012

  • Oldest and largest small-cap closed-end fund
  • Average weekly trading volume of approximately 341,000 shares
  • Fund's adviser has more than 35 years of small- and micro-cap investment experience

NEW YORK--(BUSINESS WIRE)-- Royce Value Trust (NYSE: RVT)

 

Closing Prices - November 30, 2012

 
NAV$15.11
MKT$13.13
 
 

Total Return Performance

        

Periods ended November 30, 2012

NAV

MKT

 
Month*1.68%0.84%
Year to Date*11.1811.65
One-Year9.5612.97
Three-Year Average Annual11.4513.44
Five-Year Average Annual0.55-0.61
10-Year Average Annual8.426.38
 

*Not Annualized

 

Portfolio Diagnostics

    
 
Wtd. Average Geometric Mkt. Cap:$1301 million
Wtd. Average P/E Ratio:15.4*
Wtd. Average P/B Ratio:1.6x
Net Assets Applicable to Common Stock:$1051 million
Net Leverage:7.0 %
 

*The Fund's P/E ratio calculation excludes companies with zero or negative earnings.


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. Mohawk Industries1.2%
2. HEICO Corp.1.0
3. Carter's1.0
4. Lincoln Electric Holdings1.0
5. Advisory Board Co. (The)1.0
6. Nordson Corp.1.0
7. Coherent1.0
8. PAREXEL International1.0
9. Ethan Allen Interiors1.0
10. Lazard Cl. A0.9
 

Top Five Sectors

% of Net Assets

1. Industrials29%
2. Information Technology20
3. Financials18
4. Consumer Discretionary15
5. Materials8
 

Recent Developments

Royce Value Trust, Inc. (NYSE - RVT) has declared a distribution of $0.24 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 24, 2012 to stockholders of record at the close of business on December 6, 2012 (ex-dividend on December 4, 2012). The price of shares issued for reinvestment on December 13, 2012 was $12.98.

The Board of Directors of Royce Value Trust, Inc. has approved, subject to stockholder and other regulatory approvals, the contribution of approximately $100 million of RVT's assets to a newly formed non-diversified, closed-end investment company, Royce Global Value Trust, Inc. ("RGT"). All of RGT's common stock would then be distributed to the common stockholders of RVT. There is no assurance that necessary stockholder and regulatory approvals will be obtained.

Royce Value Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 65% of its assets in equity securities primarily of small- and micro-cap companies.

Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.

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

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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