Royce Small-Cap Trust declares $0.29 quarterly distribution, ex-dividend Sept. 12.

Royce Small-Cap Trust has declared a quarterly distribution of $0.29 per share on its Common Stock. The distribution will be paid on September 25, 2025, to stockholders of record at the close of business on September 12, 2025. The Fund has adopted a distribution policy of paying quarterly distributions at an annual rate of 7% of the prior four calendar quarter-end net asset values.

NEW YORK, Sept. 2, 2025 -- Royce Small-Cap Trust, Inc. (NYSE-RVT) has announced a quarterly distribution of $0.29 per share on its Common Stock. The distribution, payable in additional shares of Common Stock or in cash by specific stockholder election, will be made on September 25, 2025, to stockholders of record at the close of business on September 12, 2025 (ex-dividend on September 12, 2025). The price of shares issued for reinvestment will be determined on September 19, 2025.

The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at an 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 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%)

- 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%)

Investors are advised not to draw conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon 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 send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:
- 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%

About Royce Small-Cap Trust, Inc.
Royce Small-Cap Trust, Inc. (the "Fund") 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. The Fund invests at least 80% of its net assets in equity securities of small-cap companies (i.e., those that have a market capitalization not greater than that of the largest company in the Russell 2000® Index at the time of its most recent reconstitution) under normal circumstances.

References:
[1] https://finance.yahoo.com/news/royce-small-cap-trust-inc-143800883.html
[2] https://www.marketscreener.com/news/royce-small-cap-trust-inc-nyse-rvt-declares-third-quarter-common-stock-distribution-of-0-29-per-ce7d59dbdb89f525