Royce Value Trust Solicits Proxies from the Shareholders
June 18, 2020 at 11:10 am EDT
Share
On June 18, 2020, Royce Value Trust Inc. filed a definitive proxy statement soliciting proxies and urged the shareholders to vote on the Company’s proxy card to approve a new investment advisory agreement with the Company’s investment manager, Royce Investment Partners, that will ensure that Royce Investment continues operating the Company and executing the differentiated strategy that is delivering results for year after year, at the Company’s special meeting of shareholders scheduled to be held on July 14, 2020.
Royce Small-Cap Trust, Inc. (the Fund), formerly Royce Value Trust, Inc., is a diversified, closed-end investment company. The investment objective of the Fund is long-term growth of capital. The Fund primarily invests in small-cap securities. Under normally circumstances, the Fund invests approximately 80% of its assets in the equity securities of small-cap companies. The Fund may also invest up to 25% of its assets in securities of issuers headquartered outside the United States. The Fund invests in various sectors, which include industrials, financials, information technology, health care, consumer discretionary, materials, real estate, communication services, energy, consumer staples and utilities. The Fundâs investment advisor is Royce & Associates, LP. Royce & Associates, LP primarily conducts business using the name Royce Investment Partners.