Royce Value Trust (NYSE: RVT) as of December 31, 2004
25 January 2005 - 8:01AM
PR Newswire (US)
Royce Value Trust (NYSE: RVT) as of December 31, 2004 * Oldest and
largest small-cap closed-end fund NEW YORK, Jan. 24
/PRNewswire-FirstCall/ -- Closing Prices - December 31, 2004 NAV
$18.95 MKT $20.44 Total Return Performance Periods ended December
31, 2004 NAV MKT 1 Month* 4.18% 3.80% One-Year 21.42 29.60
Three-Year Average Annual 12.99 19.66 Five-Year Average Annual
14.15 20.34 10-Year Average Annual 14.84 17.10 *Not Annualized
Portfolio Diagnostics Median Market Cap: $1088 million Wtd. Average
P/E Ratio: 22.1x* Wtd. Average P/B Ratio: 2.2x Wtd. Average Yield:
0.8% Net Assets Attributable to Common Stock: $975 million Net
Leverage: 3% *The Funds' P/E ratio calculations exclude 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. Apollo Investment
1.2% 2. Ritchie Bros. Auctioneers 1.0 3. Arrow International 0.9 4.
Lincoln Electric Holdings 0.9 5. Simpson Manufacturing 0.9 6.
Sothebys Holdings Cl. B 0.9 7. MacDermid 0.9 8. SEACOR Holdings 0.9
9. Gabelli Asset Management Cl. A 0.8 10. MPS Group 0.8 Top Five
Industries % of Net Assets 1. Technology 22% 2. Industrial Products
19 3. Industrial Services 15 4. Financial Intermediaries 11 5.
Natural Resources 10 Recent Developments Royce Value Trust, Inc.
(NYSE - RVT) has paid a distribution of $0.48 per share on its
Common Stock. The distribution, optionally payable in additional
shares of Common Stock, or in cash by specific stockholder
election, was paid on December 23, 2004 to stockholders of record
at the close of business on December 6, 2004 (ex-dividend on
December 2, 2004). The price of shares issued for reinvestment as
determined on December 13, 2004 was $18.83. Royce Value Trust, Inc.
has paid a cash dividend of $0.36875 per share on its 5.90%
Cumulative Preferred Stock, based on an annual rate of 5.90% of the
initial liquidation preference of $25.00 per share. The dividend
was paid on December 23, 2004, to stockholders of record at the
close of business on December 6, 2004 (ex-dividend December 2,
2004). 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 75% 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 http://www.roycefunds.com/. DATASOURCE: Royce
Value Trust CONTACT: John D. Diederich of Royce Value Trust, Inc.,
+1-212-508-4572 Web site: http://www.roycefunds.com/
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