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Royce Global Trust Inc T.RGT


Primary Symbol: RGT

Royce Global Trust, Inc. (the Fund), formerly Royce Global Value Trust, Inc., is a diversified closed-end investment company. The Fund's investment objective is long-term growth of capital. The Fund is focused on investing 80% of its net assets in equity securities, such as common stock and preferred stock. The Fund generally invests a significant portion of its assets United States and non-United States small/mid-cap stocks. Under normal circumstances, at least 40% of the Fund's net assets will be invested in the equity securities of companies headquartered in at least three countries outside the United States. From time to time, a substantial portion of the Fund’s assets may be invested in companies located in a single country. Although there are no geographic limits on the Fund’s investments, no more than 35% of the Fund's net assets may be invested in the securities of companies headquartered in emerging markets. Royce & Associates, LP acts as the Fund’s investment advisor.


NYSE:RGT - Post by User

Comment by superscepticon Sep 20, 2013 3:22pm
119 Views
Post# 21755635

RE:RE:RE:RE:Takeover

RE:RE:RE:RE:TakeoverVenturevest made very good summary of suggested transaction.

I am not sure if management is actually pros DML takeover and MEGA is completely different suggetion (merger of the companies access to MEGA hodings, but partial retention Falea).
MEGA management known to turn their projects into the investment, but the deal they made are not that bad. So, if they will turn Falea into the joint venture with BigCorp. on fare condition, it may not be bad idea.

I wish RGT management would pursue this option on its own. DML seem to be interested (they do not have much cash, though).
At first, Denison suggestion looked excited, anything that bring share price up after year of beating is. Now, I am not convinced anymore and same, probably, for many other s/h as well.
MEGA - I do not know, not easy decision. Originally, I though that my vote (and any other retail shareholders) do not matter, considering institutional and management concentration, but now,  DML everything changed - minimum they are splittng vote (claiming 30% or so).

Deal with MEGA, by the way, may not go through, because of MEGA shareholders, not very popular there too, practically for the same reason - they think that their assets by far more valuable....who knows who is right.
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