Royce Global Trust Inc (N:RGT)

Business Focus: Closed End Funds

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Sector: Financials	Industry: Closed End Funds

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Company Contact

Address:	745 FIFTH AVENUE NEW YORK NY 10151
Tel:	N/A
Website:	N/A
IR:	N/A

Key People

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Business Overview

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.

Financial Overview

For the fiscal year ended 31 December 2023, Royce Global Trust Inc revenues decreased 13% to $1.4M. Net income totaled $10.3M vs. loss of $24.3M. Revenues reflect Dividends decrease of 11% to $1.5M, Foreign withholding tax decrease of 49% to -$116K, Rehypothecation income remaining flat at $0K. Net Income reflects Investments and foreign currency transla increase from $24.8M (expense) to $10.5M (income), Investments increase of 87% to $170K (income).

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