 Royce Micro-Cap Trust Announces Performance Data &
Portfolio Composition as of January 31, 2010
Royce & Associates, Inc.
New York, February 16, 2010 -- Royce Micro-Cap Trust (RMT)
-- Only micro-cap closed-end fund
-- Average weekly trading volume of approximately 281,000 shares
-- Fund's adviser has more than 35 years of small- and micro-cap investment experience
Closing Prices - January 31, 2010
NAV $ 8.32
MKT $ 6.86
Total Return Performance
| Periods ended January 31, 2010 |
NAV |
MKT |
| 1 Month* |
-3.71% |
-3.53% |
| Year to Date* |
-3.71 |
-3.53 |
| One-Year |
55.12 |
36.69 |
| Three-Year Average Annual |
-8.77 |
-17.06 |
| Five-Year Average Annual |
0.65 |
-3.31 |
| 10-Year Average Annual |
8.16 |
7.72 |
*Not Annualized
Portfolio Diagnostics
| Wtd. Average Market Cap: |
$372 million |
| Wtd. Average P/E Ratio: |
15.9x* |
| Wtd. Average P/B Ratio: |
1.3x |
| Net Assets Attributable to Common Stock: |
$295 million |
| Net Leverage: |
12.0% |
* Excludes 21% of portfolio holdings with zero or negative earnings as of 1/31/10.
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. Kennedy Wilson Holdings |
2.5% |
| 2. Sapient Corp. |
1.7 |
| 3. Seneca Foods Cl. B |
1.5 |
| 4. Pegasystems |
1.2 |
| 5. iGATE Corp. |
1.1 |
| 6. Willbros Corp. |
1.0 |
| 7. Spherion Corp. |
1.0 |
| 8. Universal Truckload Services |
1.0 |
| 9. Deswell Industries |
1.0 |
| 10. Tennant Company |
0.9 |
| Top Five Industries |
% of Net Assets |
| 1. Industrial Products |
23% |
| 2. Technology |
19 |
| 3. Industrial Services |
14 |
| 4. Natural Resources |
11 |
| 5. Financial Intermediaries |
11 |
Recent Developments
Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company whose shares of Common Stock (RMT) and 6.00% Cumulative Preferred Stock (RMTpra) are listed and traded on the New York Stock Exchange. The Fund's investment goal is long-term capital growth, which it seeks by investing primarily in equity securities of companies that, at the time of investment, have market capitalization of $500 million or less.
Daily net asset values (NAVs) for Royce Micro-Cap Trust, Inc. are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XOTCX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at www.roycefunds.com.
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