NEW YORK, Sept. 11, 2020 /PRNewswire/ -- The Royce Fund
(the "Trust") today announced that the shareholders of Royce Total
Return Fund (the "Fund") voted to approve a new investment advisory
agreement with the Trust's investment manager, Royce Investment
Partners ("Royce")1, at its Special Meeting
of Shareholders (the "Meeting"). With that action, every
series of the Trust has now approved a new investment advisory
agreement with Royce. "We thank our shareholders for their
participation and strong support for the new agreement," said
Christopher D. Clark, the Trust's
President.
The new agreement became effective immediately upon its
approval. There will be no increase in the contractual investment
advisory fee rate for the Fund as a result of the implementation of
the new agreement. In addition, implementation of the new agreement
will not result in any changes to the Fund's portfolio management
personnel, investment objective, principal investment strategy, or
investment restrictions.
For further information on The Royce FundsSM, please
visit our web site at: www.royceinvest.com.
Forward Looking Statement
This press release is not an offer to purchase nor a
solicitation of an offer to sell shares of the Fund. This letter
may contain statements regarding plans and expectations for the
future that constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical fact are
forward-looking and can sometimes be identified by the use of words
such as "plan," "expect," "will," "should," "could," "anticipate,"
"intend," "project," "estimate," "guidance," "possible," "continue"
and other similar terms and phrases, although not all
forward-looking statements include these words. Such
forward-looking statements are based on the current plans and
expectations of the Fund, and are subject to risks and
uncertainties that could cause actual results, performance and
events to differ materially from those described in the
forward-looking statements. Additionally, past performance is no
guarantee of future results. Additional information concerning such
risks and uncertainties are or will be contained in the Trust's
filings with the U.S. Securities and Exchange Commission, including
the Fund's Annual Report to Shareholders on Form N-CSR for the year
ended December 31, 2019 and the
Fund's Semiannual Report to Shareholders on Form N-CSRS for the
six-month period ended June 30, 2020,
and subsequent filings with the Commission. These factors should be
considered carefully and readers are cautioned not to place undue
reliance on such forward-looking statements. The Trust undertakes
no responsibility to update publicly or revise any forward-looking
statement.
For more than 40 years Royce & Associates, LP has used a
disciplined, value-oriented approach to select micro-cap,
small-cap, and mid-cap companies. We have a seasoned staff of
investment professionals, most with more than 15 years of
experience. Chuck Royce, the firm's
founder and a pioneer of small-cap investing, enjoys one of the
longest tenures of any mutual fund manager. Royce & Associates,
LP is a wholly owned affiliate of Legg Mason Inc. (NYSE:
LM).
1 Royce & Associates, LP is a Delaware limited partnership that primarily
conducts its business under the name Royce Investment Partners.
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SOURCE Royce Investment Partners
