Royce Global Value Trust (NYSE:RGT)
Closing Prices – October 31, 2013
Cumulative Total Returns
Period ended October 31, 2013
Since Inception (10/17/13)
|Wtd. Average Geometric Mkt. Cap:||$1420||million|
|Wtd. Average P/E Ratio:||15.4*|
|Wtd. Average P/B Ratio:||1.7x|
*The Fund’s P/E ratio calculation excludes companies with zero or negative earnings.
Top 10 Positions
% of Net Assets
|2.||New World Dept. Stores||1.7|
|3.||Daphne International Holdings||1.7|
|4.||Major Drilling Group||1.5|
|6.||Lazard Cl. A||1.4|
|8.||Mardin Cimento Sanayii||1.3|
Portfolio Sector Breakdown
% of Net Assets
Treasuries Cash & Cash Equivalents
On October 18, 2013, Royce Value Trust, Inc. (NYSE:RVT) (“Value Trust”) completed the distribution of shares of Royce Global Value Trust, Inc. (NYSE-RGT) (“Royce Global Value Trust”) to its stockholders at the rate of one (1) share of Global Value Trust common stock for every seven (7) shares of Value Trust common stock owned. Value Trust stockholders received cash in lieu of fractional shares of Royce Global Value Trust common stock as part of the spin-off transaction. The record date for the spin-off distribution was October 10, 2013, and the payable date (distribution date) was October 17, 2013.
The initial cost basis for the Royce Global Value Trust shares received as part of the spin-off distribution is $8.975 per share, the fair market value on October 18, 2013, determined by averaging the high and low NYSE trading prices of RGT on that day. The holding period for shares of Royce Global Value Trust common stock began on October 18, 2013. The distribution was made on October 17, 2013 to Value Trust stockholders of record as of the official close of business on October 10, 2013.
The investment goal of Royce Global Value Trust is long-term growth of capital. Under normal market circumstances, the Fund will invest at least 80% of its net assets in equity securities, such as common stock and preferred stock, and at least 65% of its net assets in the equity securities of companies located in at least three countries outside of the United States. Royce & Associates, LLC manages the Fund.
Daily net asset values (NAVs) for Royce Global Value Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XRGTX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
An investor in Royce Global Value Trust should consider the Fund's investment goals, risks, fees, and expenses carefully before investing.
John D. Diederich, 212-355-7311
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