Royce Micro-Cap Trust, Inc. (NYSE: RMT) Declares First Quarter Common Stock Distribution of $0.16 Per Share

NEW YORK, March 3, 2017 /PRNewswire/ -- Royce Micro-Cap Trust, Inc. (NYSE: RMT) has declared a quarterly distribution of $0.16 per share on its Common Stock.  The distribution, optionally payable in additional shares of Common Stock, or in cash by specific stockholder election, is to be paid on March 24, 2017 to stockholders of record at the close of business on March 14, 2017 (ex-dividend on March 10, 2017).  The price of shares issued for reinvestment will be determined on March 21, 2017.

The Fund has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 7% of the rolling average of the prior four calendar quarter-end net asset values (NAVs), with the fourth quarter distribution being the greater of 1.75% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.

The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'.

The Fund's estimated sources of the distribution to be paid on March 24, 2017 and for 2017 year-to-date are as follows:

Estimated Allocations as of February 28, 2017

Estimated Allocations for 2017 through February 28, 2017

You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's Distribution Policy.  The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

About Royce Micro-Cap Trust, Inc.

Royce Micro-Cap Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock 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 capitalizations of $750 million or less. 

For further information on The Royce Funds^sm, please visit our web site at: www.roycefunds.com.

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SOURCE Royce Micro-Cap Trust, Inc.