Chuck Royce to become Senior Advisor, transitioning off funds by Sept 30, 2024

ROYCE SMALL-CAP TRUST, INC.

Chuck Royce, founder, becomes Senior Advisor effective Sept 30, 2024, after stepping away from day-to-day portfolio management.
Transition off Royce Small-Cap Fund, Royce Dividend Value Fund, and three closed-end funds (including RVT) by Sept 30.
Royce has added 15 investment professionals over the last five years, forming the largest investment team in firm history.
Francis Gannon joins portfolio management team of Royce Small-Cap Trust (RVT) alongside existing managers.

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