Royce Value Trust (NYSE: RVT) as of March 31, 2007.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Royce Value Trust (NYSE NYSE See: New York Stock Exchange : RVT RVT Royce Value Trust RVT Registered Veterinary Technician RVT Registered Vascular Technologist (American Registry of Diagnostic Medical Sonographers) RVT RV Trader (recreational vehicles) ) as of March 31, 2007 * Oldest and largest small-cap closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. * Average weekly trading volume Trading volume The number of shares transacted every day. As there is a seller for every buyer, one can think of the trading volume as half of the number of shares transacted. That is, if A sells 100 shares to B, the volume is 100 shares. of approximately 341,000 shares * Fund's adviser has more than 30 years of small- and micro-cap investment experience Closing Prices - March 31, 2007 NAV $20.85 MKT $22.05 Total Return Performance Periods ended March 31, 2007 NAV MKT 1 Month* 0.92% -2.46% Year to Date* 3.32 1.45 One-Year 8.26 15.65 Three-Year Average Annual 14.94 17.28 Five-Year Average Annual 11.89 14.03 10-Year Average Annual 14.32 17.27 *Not Annualized Portfolio Diagnostics Wtd. Average Market Cap: $1,803 million Wtd. Average P/E Ratio: 19.9* Wtd. Average P/B Ratio: 2.1x Wtd. Average Yield: 0.9% Net Assets Attributable to Common Stock: $1,427 million Net Leverage: 4% * 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, applicable to common stock. Portfolio Composition Top 10 Positions % of Net Assets 1. AllianceBernstein Holding L.P. 2.4% 2. Sotheby's 1.6 3. Ritchie Bros. Auctioneers 1.5 4. Universal Compression Holdings 1.2 5. SEACOR Holdings 1.2 6. Ash Grove Cement Cl. B 0.9 7. PAREXEL International 0.9 8. Lincoln Electric Holdings 0.9 9. Adaptec 0.8 10. Newport Corporation 0.8 Top Five Industries % of Net Assets 1. Technology 24% 2. Industrial Products 17 3. Industrial Services 13 4. Financial Intermediaries 12 5. Natural Resources 11 Recent Developments Royce Value Trust, Inc. (NYSE - RVT) paid a quarterly distribution of $0.46 per share on its Common Stock, on March 23, 2007 to stockholders of record at the close of business on March 6, 2007 (ex-dividend on March 2, 2007). 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. was $21.14. Royce Value Trust, Inc. paid a cash dividend of $0.36875 per share on its 5.90% Cumulative Preferred Stock Cumulative preferred stock Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock. , based on an annual rate of 5.90% of the initial liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy preference of $25.00 per share, on March 23, 2007 to stockholders of record at the close of business on March 6, 2007 (ex-dividend on March 2, 2007). Royce Value Trust is a closed-end diversified management investment company whose shares of Common (RVT) and 5.90% Cumulative Preferred Stock (RVTprb) are listed and traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Its primary investment goal is long-term capital growth, which it seeks by investing at least 75% 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 Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors 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. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion