Royce trusts call 5.9%, 6% cumulative preferred stock in full

By Ashley Montgomery

Kansas City, Kan., Oct. 9 - Three Royce Funds plan to redeem three issues of cumulative preferred stock in full, according to a series of news releases.

Affected are Royce Focus Trust's 6% preferreds issued Oct. 17, 2003, Royce Value Trust, Inc.'s 5.9% preferreds issued Oct. 9, 2003 and Royce Micro-Cap Trust's 6% preferreds issued Oct. 16, 2003.

All of the preferreds will be redeemed on Nov. 15 at par of $25 plus accumulated dividends.

Computershare Trust Co., NA is the paying agent.

The issuers are management investment companies based in New York.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.