NEW YORK, Oct. 26, 2015 /PRNewswire/ -- The Royce Fund's Board of Trustees has approved a plan of liquidation for Royce Micro-Cap Discovery Fund, to be effective on December 8, 2015. The Fund is being liquidated primarily because it has not attracted and maintained assets at a sufficient level for it to be viable. A distribution is being paid on October 26, 2015 to shareholders of record on October 23, 2015.
As of October 9, 2015 the Fund was no longer offering its shares for purchase and was not accepting any investments in the Fund.
ROYCE MICRO-CAP DISCOVERY FUND FINAL DISTRIBUTION
In advance of the Fund's scheduled liquidation on December 8, 2015, the Fund has declared its final 2015 distribution.
| FUND NAME |
CLASS |
TICKER SYMBOL |
CUSIP |
RECORD DATE |
EX-DATE |
PAYABLE DATE |
INCOME |
S/T GAINS |
L/T GAINS |
TOTAL |
| Royce Micro-Cap |
Service |
RYDFX |
780905477 |
10/23/15 |
10/26/15 |
10/26/15 |
0.0010 |
0.0211 |
0.0508 |
0.0729 |
If you have any questions regarding this release, please call Investor Services at 1-800-221-4268. For further information on The Royce Funds, please visit our website at www.roycefunds.com.
About Royce & Associates, LLC: For more than 40 years Royce & Associates, LLC, investment adviser to The Royce Funds, has used a disciplined, bottom-up approach to select micro-cap, small-cap, and/or 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, LLC is a wholly owned affiliate of Legg Mason Inc. (NYSE: LM). Royce Fund Services, Inc., the Fund's distributor, is a member of FINRA and the SIPC.
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SOURCE The Royce Funds
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