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RMT - Royce Micro Cap Trust: 13% Discount 7% Yield
Royce Micro-Cap Trust Inc.
2024-04-07 09:15:00 ET
Summary
Interest rates are predicted to ease in 2024, benefiting small-cap companies via lower interest expenses.
Royce Micro Cap Trust has seen a 20% increase since late October 2023.
RMT has a diversified portfolio of micro-cap stocks and has outperformed the Russell Microcap index in the long term.
With interest rates predicted to begin easing sometime in 2024, companies should get a break in their interest expenses. Mr. Market began taking a shine to small- and micro-cap stocks back in late October '23 and has sent them up ~27% since then....