On June 29, 2020, Royce Micro-Cap Trust, Inc. announced that Glass Lewis & Co. recommends that stockholders vote for in order to approve the new investment advisory agreement with Royce Investment Partners, the Fund’s investment manager. The Company stated that Glass Lewis is the second independent proxy advisory firm to recommend that stockholders vote for the agreement on the Company’s proxy card. The Company stated that as previously announced, Institutional Shareholder Services has also recommended that the Fund’s stockholders vote for the agreement. The Company added that the special meeting of stockholders to consider the new investment advisory agreement is scheduled to be held on July 14, 2020.
Royce Micro-Cap Trust, Inc. (the Fund) is a diversified closed-end investment company. The Fund's investment objective is long-term growth of capital, which it seeks by investing primarily in equity securities of companies. The Fund primarily invests in micro-cap securities. It normally invests at least 80% of its net assets, such as common stock and preferred stock. In addition, under normal circumstances, at least 40% of its net assets will be invested in the equity securities of companies. The Royce Investment Partners (Royce) is the Fundâs investment adviser.