Royce Micro-Cap Trust (NYSE: RMT) as of February 28, 2013 *Only micro-cap closed-end fund *Average weekly trading volume of approximately 281,000 shares *Fund’s adviser has more than 35 years of small- and micro-cap investment experience Business Wire NEW YORK -- March 12, 2013 Royce Micro-Cap Trust, Inc. (NYSE-RMT): Closing Prices February 28, 2013 NAV $ 11.65 MKT $ 10.41 Total Return Performance Periods ended February 28, 2013 NAV MKT 1 Month* 1.39% 2.26% Year to Date* 6.49 10.16 One-Year 14.29 16.25 Three-Year Average Annual 13.22 15.86 Five-Year Average Annual 5.30 5.07 10-Year Average Annual 11.72 11.52 *Not annualized Portfolio Diagnostics Wtd Average Geometric Market Cap: $367million Wtd. Average P/E Ratio: 17.6* Wtd. Average P/B Ratio: 1.5x Net Assets: $340 million Net Leverage: 8% *Excludes 21% of portfolio holdings with zero or negative earnings as of 2/28/13. Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets. Portfolio Composition Top 10 Positions % of Net Assets 1. Kennedy-Wilson Holdings 2.2% 2. Integrated Electrical Services 1.9 3. Virtus Investment Partners 1.7 4. America’s Car-Mart 1.3 5. Quaker Chemical Corp. 1.3 6. Tennant Company 1.3 7. Trex Company 1.3 8. Seneca Foods Cl. B 1.2 9. Flexsteel Industries 1.2 10. Drew Industries Inc. 1.2 Top Five Sectors % of Net Assets 1. Industrials 29% 2. Information Technology 25 3. Financials 20 4. Consumer Discretionary 12 5. Materials 9 Recent Developments Royce Micro-Cap Trust, Inc. (NYSE-RMT) has declared a quarterly distribution of $0.13 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 25, 2013 to stockholders of record at the close of business on March 6, 2013 (ex-dividend on March 4, 2013). The price of shares issued for reinvestment will be determined on March 13, 2013. 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 $750 million 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.roycefunds.com Contact: For Royce Micro-Cap Trust, Inc. John D. Diederich, 212-355-7311
Royce Micro-Cap Trust (NYSE: RMT) as of February 28, 2013
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