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Royce Micro-Cap Trust (NYSE: RMT) as of Feb 29, 2024

PR Newswire

NEW YORK, March 28, 2024

NEW YORK, March 28, 2024 /PRNewswire/ --

* Average weekly trading volume of approximately 511,698 shares

* Fund's adviser has more than 50 years of small- and micro-cap investment

experience CLOSING PRICES AS OF 02/29/24

NAV                            10.57

MKT                            9.33

AVERAGE ANNUAL TOTAL RETURN AS OF 02/29/24  NAV (%)  MKT (%)

One-Month*                                  4.24     3.55

Year to Date*                               0.96     0.97

One-Year                                    10.94    8.37

Three-Year                                  0.49     1.17

Five-Year                                   10.77    10.40

10-Year                                     8.15     8.14

*Not Annualized

Important Performance and Expense Information

All performance information reflects past performance, is presented on a total

return basis, net of the Fund's investment advisory fee, and reflects the

reinvestment of distributions. Past performance is no guarantee of future

results Current performance may be higher or lower than performance quoted.

Returns as of the recent month-end may be obtained at www.royceinvest.com

(https://c212.net/c/link/?t=0&l=en&o=4127913-1&h=1286581300&u=https%3A%2F%2Fwww.royceinvest.com%2F&a=www.royceinvest.com)

. The market price of the Fund's shares will fluctuate, so that shares may be

worth more or less than their original cost when sold.

The Fund normally invests in micro-cap companies, which may involve

considerably more risk than investing in larger-cap companies. The Fund's

broadly diversified portfolio does not ensure a profit or guarantee against

loss.

PORTFOLIO DIAGNOSTICS

Average Market Cap(1)    $742.7M

Weighted Average P/B(2)  2.0x

Net Assets               $525.8M

(1)Geometric Average: This weighted calculation uses each portfolio holding's

market cap in a way designed to not skew the effect of very large or small

holdings; instead, it aims to better identify the portfolio's center, which

Royce believes offers a more accurate measure of average market cap than a

simple mean or median.

(2)Harmonic Average: This weighted calculation evaluates a portfolio as if it

were a single stock and measures it overall. It compares the total market

value of the portfolio to the portfolio's share in the earnings of its

underlying stocks.

The Price-to-Book, or P/B, Ratio is calculated by dividing a company's share

price by its book value per share.

Portfolio Composition

TOP 10 POSITIONS                    % OF NET ASSETS (SUBJECT TO CHANGE)

Transcat                            2.9

PAR Technology                      2.4

Sprott                              2.0

Mesa Laboratories                   1.9

nLIGHT                              1.8

Major Drilling Group International  1.7

Cellebrite DI                       1.6

Aspen Aerogels                      1.6

Camtek                              1.6

EVI Industries                      1.4

TOP FIVE SECTORS        % OF NET ASSETS (SUBJECT TO CHANGE)

Information Technology  23.6

Industrials             20.5

Financials              15.6

Health Care             12.2

Materials               7.8

Recent Developments

Royce Micro-Cap Trust, Inc. is a closed-end diversified investment company

whose shares of Common Stock (RMT) 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 $1 billion 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.royceinvest.com

(https://c212.net/c/link/?t=0&l=en&o=4127913-1&h=1286581300&u=https%3A%2F%2Fwww.royceinvest.com%2F&a=www.royceinvest.com)

An investor in Royce Micro-Cap Trust should consider the Fund's investment

goals, risks, fees, and expenses carefully before investing.

Important Disclosure Information

Closed-End Funds are registered investment companies whose shares of common

stock may trade at a discount to their net asset value. Shares of each Fund's

common stock are also subject to the market risks of investing in the

underlying portfolio securities held by the Fund. Royce Fund Services, LLC.

("RFS") is a member of FINRA and has filed this material with FINRA on behalf

of each Fund. RFS does not serve as a distributor or as an underwriter to the

closed-end funds.

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SOURCE Royce Micro-Cap Trust, Inc.

Peter Hoglund, (212) 355-7311

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