Royce Small-Cap Trust Announces Third Quarter Dividend of $0.29 Per Share

Royce Small-Cap Trust declared a quarterly distribution of $0.29 per share on its Common Stock, payable on September 25, 2025. The distribution is optionally payable in additional shares of Common Stock or in cash by specific stockholder election. The price of shares issued for reinvestment will be determined on September 19, 2025.

Royce Small-Cap Trust, Inc. (NYSE-RVT) has announced a quarterly distribution of $0.29 per share on its Common Stock, payable on September 25, 2025. This distribution is available to stockholders of record at the close of business on September 12, 2025, with an ex-dividend date of September 12, 2025. Stockholders can elect to receive the distribution in additional shares of Common Stock or in cash. The price of shares issued for reinvestment will be determined on September 19, 2025 [1].

The Fund has implemented a Distribution Policy that involves quarterly distributions on its Common Stock. The annual distribution rate is set at 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. This policy is subject to change at the discretion of the Fund's Board of Directors [1].

The estimated sources of the distribution to be paid on September 25, 2025, and for 2025 year-to-date, are as follows:

Estimated Allocations as of August 31, 2025:
- Fund Distribution Per Share: $0.29
- Net Investment Income: $0.0106 (4%)
- Net Realized Short-Term Gains: $0.0193 (6%)
- Net Realized Long-Term Gains: $0.2601 (90%)
- Return of Capital: $0.00 (0%) [1]

Estimated Allocations for 2025 through August 31, 2025:
- Fund Distribution Per Share: $0.88
- Net Investment Income: $0.0322 (4%)
- Net Realized Short-Term Gains: $0.0585 (6%)
- Net Realized Long-Term Gains: $0.7893 (90%)
- Return of Capital: $0.00 (0%) [1]

Investors should note that the amounts and sources of distributions reported are only estimates and are not intended for tax reporting purposes. The actual amounts and sources may vary based on the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will provide a Form 1099-DIV for the calendar year to help with federal income tax reporting [1].

Fund Performance and Distribution Rate Information:
- Fund Average Annual Total Return (in relation to NAV for the 5-year period ending on 8/31/2025): 11.76%
- Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2025): 6.45%
- Cumulative Total Return (in relation to NAV for the fiscal year through 8/31/2025): 10.17%
- Cumulative Fiscal Year Distribution Rate (as a percentage of NAV as of 8/31/2025): 4.89% [1]

Royce Small-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the New York Stock Exchange. The Fund's primary investment goal is long-term capital growth, with at least 80% of its net assets invested in equity securities of small-cap companies under normal circumstances [1].

References:
[1] https://www.prnewswire.com/news-releases/royce-small-cap-trust-inc-nyse-rvt-declares-third-quarter-common-stock-distribution-of-0-29-per-share-302545346.html
[2] https://www.morningstar.com/news/pr-newswire/20250903ph64580/royce-small-cap-trust-inc-nyse-rvt-declares-third-quarter-common-stock-distribution-of-029-per-share