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[ Mon, Aug 09th 2010 ]: Market Wire
Wilson Joins Rayonier

Royce Micro-Cap Trust (NYSE: RMT) as of July 31, 2010


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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" July 31, 2010

NAV $ 9.38
MKT $ 7.80

Total Return Performance

Periods ended July 31, 2010

NAV

MKT

1 Month* 7.08% 6.27%
Year to Date* 5.39 5.83
One-Year 20.72 19.82
Three-Year Average Annual -6.85 -11.05
Five-Year Average Annual 0.99 -3.51
10-Year Average Annual 7.91 7.71
*Not annualized

Portfolio Diagnostics

Wtd Average Geometric Market Cap: $317 million
Wtd. Average P/E Ratio: 13.2x*
Wtd. Average P/B Ratio: 1.4x
Net Assets Applicable to Common Stock: $316 million
Net Leverage: 16%

*Excludes 21% of portfolio holdings with zero or negative earnings as of
7/31/10.

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 2.4%
2. Sapient Corp. 2.1
3. iGATE Corp. 1.7
4. Seneca Foods Cl. B 1.7
5. Tennant Company 1.3
6. SFN Group 1.2
7. PMFG 1.0
8. Pegasystems 1.0
9. Epoch Holdings Corp. 1.0
10. Richardson Electronics 0.9

Top Five Industries

% of Net Assets

1. Industrial Products 26%
2. Technology 20
3. Industrial Services 15
4. Natural Resources 12
5. Health 11

Recent Developments

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 ]


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