Royce Micro-Cap Solicits Proxies from the Shareholders
June 02, 2020 at 02:01 pm EDT
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On June 2, 2020, Royce Micro-Cap Trust, Inc. has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote on the Company proxy card to approve new investment advisory agreements between the Company and its investment manager and sub-advisers that will enable the Company to continue to operate and deliver the returns shareholders rely on at the Company’s special meeting of shareholders scheduled to be held on July 14, 2020.
Royce Micro-Cap Trust, Inc. (the Fund) is a diversified closed-end investment company. The Fund's investment objective is long-term growth of capital, which it seeks by investing primarily in equity securities of companies. The Fund primarily invests in micro-cap securities. It normally invests at least 80% of its net assets, such as common stock and preferred stock. In addition, under normal circumstances, at least 40% of its net assets will be invested in the equity securities of companies. The Royce Investment Partners (Royce) is the Fundâs investment adviser.