Business & Finance
Business and Finance
Business and Finance
Tue, July 20, 2010
Mon, July 19, 2010 Royce Micro-Cap Trust (NYSE: RMT) as of June 30, 2010
NEW YORK--([ BUSINESS WIRE ])--Royce Micro-Cap Trust (NYSE: RMT):
- Only micro-cap closed-end fund
- Average weekly trading volume of approximately 281,000 shares
- Funda™s adviser has more than 35 years of small- and micro-cap investment experience
Closing Prices a" June 30, 2010
| NAV | $8.76 | |||||||||
| MKT | $7.34 |
Total Return Performance | ||||
Periods ended June 30, 2010 | NAV | MKT | ||
| 1 Month* | -6.71% | -6.97% | ||
| Year to Date* | -1.57 | -0.41 | ||
| One-Year | 21.50 | 22.13 | ||
| Three-Year Average Annual | -10.18 | -15.25 | ||
| Five-Year Average Annual | 0.96 | -3.05 | ||
| 10-Year Average Annual | 7.32 | 7.52 | ||
| *Not annualized | ||||
Portfolio Diagnostics | ||||
| Wtd Average Geometric Market Cap: | $290 million | |||
| Wtd. Average P/E Ratio: | 12.9x* | |||
| Wtd. Average P/B Ratio: | 1.4x | |||
| Net Assets Attributable to Common Stock: | $299 million | |||
| Net Leverage: | 16% |
*Excludes 21% of portfolio holdings with zero or negative earnings as of 6/30/10.
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 | 2.7% | |
| 2. Sapient Corp. | 2.1 | |
| 3. Seneca Foods Cl. B | 1.8 | |
| 4. iGATE Corp. | 1.3 | |
| 5. Tennant Company | 1.3 | |
| 6. Pegasystems | 1.1 | |
| 7. Epoch Holding Corp. | 1.0 | |
| 8. SFN Group | 1.0 | |
| 9. Richardson Electronics | 0.9 | |
| 10. Advisory Board (The) | 0.9 | |
Top Five Industries | % of Net Assets | |
| 1. Industrial Products | 25% | |
| 2. Technology | 19 | |
| 3. Industrial Services | 14 | |
| 4. Natural Resources | 12 | |
| 5. Health | 11 | |
Recent Developments
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 23, 2010 to stockholders of record at the close of business on June 7, 2010 (ex-dividend on June 3, 2010).
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 Funda™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 ]
