Royce Value Trust (NYSE: RVT) as of February 28, 2013

Before you go, we thought you'd like these...
Before you go close icon

Royce Value Trust (NYSE: RVT) as ofFebruary 28, 2013

  • 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 - February 28, 2013

 

NAV

$16.52

MKT

$14.81

 
    

Total Return Performance

Periods ended February 28, 2013

NAV

MKT

 
Month*0.49%2.14%
Year to Date*

7.27

10.36

One-Year9.1011.38
Three-Year Average Annual13.0515.61
Five-Year Average Annual4.984.11
10-Year Average Annual

11.00

9.23

 
*Not Annualized
 
  

Portfolio Diagnostics

 
Wtd. Average Geometric Mkt. Cap:$1529 million
Wtd. Average P/E Ratio:16.7*
Wtd. Average P/B Ratio:1.8x
Net Assets:

$1160 million

Net Leverage:2%
 

*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.

   

Portfolio Composition

 

Top 10 Positions

% of Net Assets
1. Lincoln Electric Holdings

1.0%

 

2. Carter's

1.0

 

3. Reliance Steel & Aluminum1.0
4. Coherent

1.0

 

5. HEICO Corp.

1.0

 

6. PAREXEL International0.9
7. Ethan Allen Interiors

0.8

 

8. Advisory Board (The)0.8
9. Ash Grove Cement Cl.B0.8
10. Mohawk Industries

0.8

 

 

Top Five Sectors

% of Net Assets
1. Industrials

28%

 

2. Information Technology20
3. Financials

17

 

4. Consumer Discretionary14
5. Materials

8

 

 

Recent Developments

Royce Value Trust, Inc. (NYSE - RVT) has declared a quarterly distribution of $0.19 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 25, 2013 to stockholders of record at the close of business on March 6, 2013 (ex-dividend on March 4, 2013). The price of shares issued for reinvestment will be determined on March 13, 2013.

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.



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

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

The article Royce Value Trust (NYS: RVT) as of February 28, 2013 originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners