[2] Royce Micro-Cap Trust, Inc. Declares Common Stock Distribution.NEW YORK--(BUSINESS WIRE)--Nov. 24, 1999-- Royce Micro-Cap Trust, Inc. (Nasdaq:OTCM OTCM ORU/Tool Changeout Mechanism OTCM Optimized Trellis-Coded Modulation OTCM Output Transmission Control Manager ) has declared a distribution of $0.27 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on December 23, 1999 to stockholders of record at the close of business on December 6, 1999 (ex-dividend on December 2, 1999). The price of shares issued for reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. will be determined on December 13, 1999. For Federal income tax purposes, 36.43% of the distribution will be reported as ordinary income and 63.57% will be reported as net long-term capital gains Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. . Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (Nasdaq - OTCM) and whose shares of Preferred Stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. are listed and traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (ROY.PR). The Fund's investment objective is long-term capital appreciation, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalizations of $300 million or less. For further information on The Royce Funds(sm), please visit our web site at: www.roycefunds.com. |
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