Royce Focus Trust, Inc. (Nasdaq - FUND) Declares First Quarter Common Stock Distribution of $0.10 Per Share
Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a quarterly
distribution of $0.10 per share on its Common Stock. The distribution,
optionally payable in additional shares of Common Stock, or in cash by
specific stockholder election, is to be paid on March 25, 2013 to
stockholders of record at the close of business on March 6, 2013
(ex-dividend on March 4, 2013). The price of shares issued for
reinvestment will be determined on March 13, 2013.
The Fund currently has a policy of paying quarterly distributions on its
Common Stock. Distributions are being made at the annual rate of 5% of
the rolling average of the prior four calendar quarter-end NAVs, with
the fourth quarter distribution being the greater of 1.25% of the
rolling average or the minimum distribution required by IRS regulations.
The Fund expects to report a portion of the distribution as long-term
capital gains for tax purposes. Long-term capital gains will be
allocated pro-rata to all distributions for the year. The final
determination of the source of all distributions in 2013, including
potentially a return of capital, will be made at the end of the year.
Royce Focus Trust, Inc. is a closed-end diversified management
investment company whose shares of Common Stock are listed and traded on
the Nasdaq National Market. The Fund's investment goal is long-term
capital growth, which it seeks by normally investing at least 65% of its
assets in equity securities.
For further information on The Royce Fundssm, please visit
our web site at: www.roycefunds.com.
