NEW YORK, Jan 17, 2012 (BUSINESS WIRE) -- --Average weekly trading volume of approximately 341,000 shares

--Fund's adviser has more than 35 years of small- and micro-cap investment experience

Royce Value Trust RVT -0.70%

        
        Closing Prices - December 31, 2011
        -------------------------------
        NAV        $14.18
        MKT        $12.27
        

        
        Total Return Performance
        -------------------------------
        Periods ended December 31, 2011      NAV         MKT
                                          -------     -------
        Month*                             -1.45 %      1.18 %
        Year to Date*                     -10.06      -10.46
        One-Year                          -10.06      -10.46
        Three-Year Average Annual          19.21       17.86
        Five-Year Average Annual           -0.65       -4.91
        10-Year Average Annual              6.10        5.59
        

*Not Annualized

        
        Portfolio Diagnostics
        --------------------------------------
        Wtd. Average Geometric Mkt. Cap:          $1310 million
        Wtd. Average P/E Ratio:                       14.2*
        Wtd. Average P/B Ratio:                       1.6x
        Net Assets Applicable to Common Stock:    $1187 million
        Net Leverage:                                14.6 %
        

*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. Coherent                         1.3%
           2. HEICO Corp.                       1.2
           3. Oil States International          1.2
           4. Alleghany Corp.                   1.1
           5. Advisory Board (The)              1.0
           6. Woodward                          1.0
           7. Carter's                          1.0
           8. Mohawk Industries                 0.9
           9. Sapient Corp.                     0.9
           10. Simpson Manufacturing            0.9
        Top Five Sectors                 % of Net Assets
        ------------------------------   ---------------
           1. Industrials                       29%
           2. Information Technology            24
           3. Financials                        21
           4. Consumer Discretionary            13
           5. Materials                         11
        

Recent Developments

Royce Value Trust, Inc. (NYSE -- RVT paid a distribution of $0.20 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, on December 23, 2011 to stockholders of record at the close of business on December 6, 2011 (ex-dividend on December 2, 2011). The price of shares issued for reinvestment determined on December 13, 2011, was $11.94.

Royce Value Trust, Inc. paid a cash dividend of $0.36875 per share on its Cumulative Preferred Stock, based on an annual rate of 5.90% of the initial liquidation preference of $25.00 per share on December 23, 2011 to stockholders of record at the close of business on December 6, 2011 (ex-dividend on December 2, 2011).

Royce Value Trust RVT -0.70% resumed a quarterly distribution policy for Common Stockholders, beginning in March 2011, at the annual rate of 5%.

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. 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 .