Royce Special Equity Fund open only to existing shareholders

By Toni Weeks

San Diego, Feb. 17 - The Royce Special Equity Fund will be open only to existing shareholders and existing relationships, effective Feb. 29 at 4 p.m. ET.

According to a 497 filing with the Securities and Exchange Commission, the fund will remain open to:

• Existing investors, either in their own name or as a beneficial owner of shares held in someone else's name;

• Registered investment advisors with existing clients in the fund;

• Some pre-approved asset allocation-based investment programs and, for a limited time, initial investments by some institutional investors who are approved by the fund's investment adviser; and

• Some pre-approved retirement plans offered through some broker-dealers with accounts held on the books of the fund through omnibus account arrangements.

Royce & Associates, LLC is the investment adviser to the funds.

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