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Royce Micro-Cap Trust, Inc. (NYSE: RMT) Declares Second Quarter Common Stock Distribution of $0.16 Per Share

ROYCE MICRO-CAP TRUST INC (RMT)  More Company Research Source: PR Newswire
PDF NEW YORK, June 2, 2017 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly distribution of $0.16 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 June 27, 2017 to stockholders of record at the close of business on June 13, 2017 (ex-dividend on June 9, 2017).  The price of shares issued for reinvestment will be determined on June 20, 2017.The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.The Fund esti [Read more]

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