Royce Value Trust, Inc. (NYSE: RVT):
Closing Prices – August 31, 2013
Total Return Performance
Periods ended August 31, 2013
|Year to Date*||16.81||17.69|
|Three-Year Average Annual||17.22||18.97|
|Five-Year Average Annual||6.28||4.05|
|10-Year Average Annual||8.52||7.09|
|Wtd. Average Geometric Mkt. Cap:||$1802 million|
|Wtd. Average P/E Ratio:||18.1*|
|Wtd. Average P/B Ratio:||1.8x|
|Net Assets:||$1246 million|
*The Fund’s P/E ratio calculation excludes companies with zero or negative earnings.
Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets.
Top 10 Positions
% of Net Assets
|1. HEICO Corp.||1.1%|
|2. Reliance Steel & Aluminum||0.9|
|3. On Assignment||0.9|
|4. E-L Financial||0.9|
|5. LKQ Corp.||0.9|
|6. FLIR Systems||0.8|
|7. Federated Investors Inc. Cl. B||0.8|
|8. Tejon Ranch Co.||0.8|
|9. Wabtec Corp.||0.8|
|10. Ash Grove Cement Co.||0.8|
Top Five Sectors
% of Net Assets
|2. Information Technology||21|
|4. Consumer Discretionary||14|
Royce Value Trust, Inc. (“Royce Value Trust”) (NYSE:RVT) announced that stockholders at its 2013 Special Meeting approved the contribution of approximately $100 million of its cash and/or securities to Royce Global Value Trust, Inc. (“Royce Global Value Trust”), a newly formed closed-end investment company, in exchange for a corresponding amount of common stock of Royce Global Value Trust, and the subsequent distribution of such Royce Global Value Trust common stock to Royce Value Trust common stockholders (the “spin-off”). The final amount of capital to be contributed by Royce Value Trust to Royce Global Value Trust, the number of shares of Royce Global Value Trust to be distributed in the spin-off, and the record and distribution dates for the spin-off will be announced at a later time.
Royce Value Trust is a closed-end diversified management investment company whose shares of Common Stock (RVT) are listed and traded on the New York Stock Exchange. Its primary investment goal is long-term capital growth, which it seeks by investing at least 65% of its assets in equity securities primarily of small- and micro-cap companies.
Daily net asset values (NAVs) for Royce Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRVTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
John D. Diederich, 212-355-7311
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