Royce Micro-Cap Trust (NYSE: RMT) as of October 31, 2012
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 Holdings | 2.2% | ||
2. Integrated Electrical Services | 1.9 | ||
3. Epoch Holding Corp. | 1.6 | ||
4. Quaker Chemical | 1.4 | ||
5. Computer Task Group | 1.3 | ||
6. Advisory Board (The) | 1.3 | ||
7. Seneca Foods Cl. B | 1.3 | ||
8. America's Car-Mart | 1.3 | ||
9. Sapient Corp. | 1.2 | ||
10. Richardson Electronics | 1.2 | ||
Top Five Sectors | % of Net Assets | |||
1. Industrials | 29% | |||
2. Information Technology | 24 | |||
3. Financials | 20 | |||
4. Consumer Discretionary | 12 | |||
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:
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