Royce Micro-Cap Trust, Inc. Overview
Pro stress-test →Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) are listed and traded on the New York Stock Exchange, with an investment goal of long-term capital growth by investing primarily in equity securities of companies with market capitalization of $1 billion or less. As of May 31, 2026, the fund managed net assets of $847.4 million with net leverage of 1.5%.
Strategic Profile
Pro stress-test →Royce Investment Partners specializes in small-cap investing and is generally regarded as a pioneer in small-cap investing, with more than 45 years of domain knowledge in the small-company investment universe. The fund targets annual distributions of 7% of the rolling four-quarter average NAV.
Competitive Landscape
Pro stress-test →Royce Micro-Cap Trust operates in the closed-end micro-cap equity fund market, competing with other small-cap and micro-cap focused funds such as Royce Global Trust and Royce Small-Cap Trust (sister funds under the Royce banner). The fund differentiates through its specialized micro-cap expertise and consistent distribution policy targeting 7% annual yield on NAV.
Industry Context
Royce Micro-Cap Trust, Inc. operates in Closed-end micro-cap equity funds.
Key facts
Headquarters: New York, US