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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

Post by ventureveston Oct 03, 2013 2:13pm
84 Views
Post# 21788639

So what now?

So what now?
A few  things I have  noticed....  36 MM shares  traded..
 
10 MM  shares  net  picked  up  via CIBC... 13 MM total purchased 


 Maybe  someone   bought  just  under 10%   to just avoid  filling insider  report?

With  the 31% locked  up  and  possibly  the  CIBC  bought on their  behalf...  this  still leaves  them  considerably  short  of the  90%  partisipation they require.

The  volume  has  dropped  off  thus    either   we  have  all capitulated.... or   about 50%  have   dug in.... as  .19/ share  works  out  to 21.5 I figure    DML  offer  more as  the  time  ticks  down.


If I am  right  and   DML  has  asked  shares to be taken  up via 3rd  parties they  will  have to sweeten that  offer to get  to  their  target.

Anyone  who  was  going to partisipate  would  have  sold into these  buys...JMHO
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