Royce Value Trust to rename as Royce Small-Cap Trust, adopt 80% small-cap policy

ROYCE SMALL-CAP TRUST, INC.

Name changes to 'Royce Small-Cap Trust, Inc.' effective May 1, 2024.
New policy requires at least 80% net assets in small-cap stocks (Russell 2000-defined).
Previous policy: at least 65% in small- and micro-cap companies; objectives unchanged.
Board approved changes; press release issued March 1, 2024.

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