-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AePLO5OkUfUftEw8j5AxR46eTAbpzP8avkwgiqwwwK+7vC1R51+KsGSJ20WFfcO5 sQkh46GketR43cyQo5WvZA== 0000804116-07-000001.txt : 20070228 0000804116-07-000001.hdr.sgml : 20070228 20070228110317 ACCESSION NUMBER: 0000804116-07-000001 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20061231 FILED AS OF DATE: 20070228 DATE AS OF CHANGE: 20070228 EFFECTIVENESS DATE: 20070228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ROYCE VALUE TRUST INC CENTRAL INDEX KEY: 0000804116 IRS NUMBER: 133356097 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-04875 FILM NUMBER: 07655770 BUSINESS ADDRESS: STREET 1: 1414 AVE OF THE AMERICAS 9TH FL CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 2123557311 MAIL ADDRESS: STREET 1: 1414 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10019 NSAR-B 1 answer.fil PAGE 1 000 B000000 12/31/2006 000 C000000 0000804116 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 ROYCE VALUE TRUST, INC. 001 B000000 811-4875 001 C000000 2123557311 002 A000000 1414 AVENUE OF THE AMERICAS 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10019 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 ROYCE & ASSOCIATES, LLC 008 B000001 A 008 C000001 801-8268 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10019 012 A000001 COMPUTERSHARE TRUST COMPANY 012 B000001 84-05925 012 C010001 CANTON 012 C020001 MA 012 C030001 02021 013 A000001 TAIT, WELLER & BAKER 013 B010001 PHILADELPHIA 013 B020001 PA 013 B030001 19103 013 B040001 2108 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 QUINCY PAGE 2 015 C020001 MA 015 C030001 02170 015 E010001 X 015 A000002 ERSTE BANK 015 B000002 S 015 C010002 VIENNA 015 D010002 AUSRIA 015 E040002 X 015 A000003 THE BANK OF BERMUDA 015 B000003 S 015 C010003 HAMILTON 015 D010003 BERMUDA 015 D020003 HMO6 015 E040003 X 015 A000004 STATE STREET BANK AND TRUST COMPANY 015 B000004 S 015 C010004 EDINBURGH 015 D010004 UK 015 D020004 EH5 2AW 015 E040004 X 015 A000005 BNP PARIBAS SECURITIES SERVICES, BRUSSELS 015 B000005 S 015 C010005 BRUSSELS 015 D010005 BELGIUM 015 E040005 X 015 A000006 STATE STREET TRUST COMPANY CANADA 015 B000006 S 015 C010006 TORONTO 015 D010006 CANADA 015 D020006 M5C 3G6 015 E040006 X 015 A000007 UBS AG 015 B000007 S 015 C010007 ZURICH 015 D010007 SWITZERLAND 015 D020007 8098 015 E040007 X 015 A000008 DEUTSCHE BANK AG 015 B000008 S 015 C010008 ESCHBORN 015 D010008 GERMANY 015 D020008 D-65760 015 E040008 X 015 A000009 SKANDINAVISKA ENSKILDA BANKEN AB (SEB) 015 B000009 S 015 C010009 COPENHAGEN K 015 D010009 DENMARK 015 D020009 DK-1014 015 E040009 X 015 A000010 SEB MERCHANT BANKING 015 B000010 S PAGE 3 015 C010010 HELSINKI 015 D010010 FINLAND 015 D020010 SF-00101 015 E040010 X 015 A000011 DEUTSCHE BANK, AG, PARIS 015 B000011 S 015 C010011 HERENGRACHT 015 D010011 AMSTERDAM 015 E040011 X 015 A000012 STANDARD CHARTERED BANK (HONG KONG) LIMITED 015 B000012 S 015 C010012 KWUN TONG 015 D010012 HONG KONG 015 E040012 X 015 A000013 DEUTSCHE BANK S.P.A. 015 B000013 S 015 C010013 MILAN 015 D010013 ITALY 015 E040013 X 015 A000014 MIZUHO CORPORATE BANK, LTD. 015 B000014 S 015 C010014 TOKYO 015 D010014 JAPAN 015 E040014 X 015 A000015 DEUTSCHE BANK A.G. AMSTERDAM 015 B000015 S 015 C010015 AMSTERDAM 015 D010015 NETHERLANDS 015 E040015 X 015 A000016 SSB MERCHANT BANKING 015 B000016 S 015 C010016 OSLO 015 D010016 NORWAY 015 E040016 X 015 A000017 SKANDINAVISKA ENSKILDA BANKEN (SEB) 015 B000017 S 015 C010017 STOCKHOLM 015 D010017 SWEEDEN 015 E040017 X 015 A000018 DBS BANK LTD. 015 B000018 S 015 C010018 HEX 015 D010018 SINGAPORE 015 D020018 239922 015 E040018 X 018 000000 Y 019 A000000 Y 019 B000000 25 019 C000000 ROYCEFUNDS 020 A000001 MERRILL LYNCH, PIERCE 020 B000001 13-5674085 PAGE 4 020 C000001 51 020 A000002 JEFFERIES & COMPANY 020 B000002 95-2622900 020 C000002 51 020 A000003 MAXIM GROUP 020 B000003 04-3540096 020 C000003 41 020 A000004 CARNEGIE INVESTMENT 020 B000004 13-3392829 020 C000004 34 020 A000005 WEEDEN & CO. 020 B000005 13-3364318 020 C000005 27 020 A000006 KNIGHT EQUITY MARKETS 020 B000006 22-3660471 020 C000006 26 020 A000007 SUNTRUST CAPITAL MARKETS 020 B000007 62-0871146 020 C000007 25 020 A000008 INT'L STRATEGY 020 B000008 13-3599877 020 C000008 24 020 A000009 LEHMAN BROS. 020 B000009 13-2518466 020 C000009 21 020 A000010 CAZENOVE, INC. 020 B000010 94-1658752 020 C000010 20 021 000000 896 022 A000001 LEHMAN BROTHERS 022 B000001 13-2518466 022 C000001 28440000 022 D000001 0 022 A000002 STATE STREET BANK & TRUST COMPANY 022 B000002 04-1867445 022 C000002 21592174 022 D000002 0 022 A000003 MERRILL LYNCH 022 B000003 13-5674085 022 C000003 5703 022 D000003 0 022 A000004 NATEXIS BLEICHROEDER 022 B000004 13-4197937 022 C000004 3972 022 D000004 0 022 A000005 THINKEQUITY PARTNERS 022 B000005 41-2008761 022 C000005 3600 022 D000005 0 022 A000006 BOENNING & SCATERGOOD 022 B000006 23-1720062 PAGE 5 022 C000006 126 022 D000006 1401 022 A000007 ROBERT W. BAIRD 022 B000007 39-6037917 022 C000007 720 022 D000007 0 022 A000008 GOLDMAN SACHS 022 B000008 13-5108980 022 C000008 664 022 D000008 0 022 A000009 HILL, THOMPSON, MAGID 022 B000009 13-5142120 022 C000009 0 022 D000009 622 022 A000010 CITIGROUP 022 B000010 11-2418191 022 C000010 294 022 D000010 0 023 C000000 50047253 023 D000000 2023 024 000000 Y 025 A000001 LEHMAN BROTHERS 025 B000001 13-2518466 025 C000001 E 025 D000001 80000 025 A000002 STATE STREET BANK & TRUST COMPANY 025 B000002 04-1867445 025 C000002 E 025 D000002 46266 025 A000003 KNIGHT 025 B000003 22-3660471 025 C000003 E 025 D000003 4403 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 027 000000 N 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 PAGE 6 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 N 047 000000 N 048 000000 0.000 048 A010000 0 048 A020000 0.000 PAGE 7 048 B010000 0 048 B020000 0.000 048 C010000 0 048 C020000 0.000 048 D010000 0 048 D020000 0.000 048 E010000 0 048 E020000 0.000 048 F010000 0 048 F020000 0.000 048 G010000 0 048 G020000 0.000 048 H010000 0 048 H020000 0.000 048 I010000 0 048 I020000 0.000 048 J010000 0 048 J020000 0.000 048 K010000 0 048 K020000 0.000 049 000000 N 050 000000 N 051 000000 Y 052 000000 N 053 A000000 N 054 A000000 N 054 B000000 N 054 C000000 N 054 D000000 N 054 E000000 N 054 F000000 N 054 G000000 N 054 H000000 Y 054 I000000 N 054 J000000 Y 054 K000000 N 054 L000000 N 054 M000000 Y 054 N000000 N 054 O000000 N 055 A000000 N 055 B000000 N 056 000000 Y 057 000000 N 058 A000000 N 059 000000 Y 060 A000000 Y 060 B000000 Y 061 000000 0 062 A000000 N 062 B000000 0.0 PAGE 8 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.0 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 0.0 062 Q000000 0.0 062 R000000 0.0 063 A000000 0 063 B000000 0.0 066 A000000 Y 066 B000000 N 066 C000000 Y 066 D000000 N 066 E000000 N 066 F000000 N 066 G000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 Y 070 B010000 Y 070 B020000 N 070 C010000 Y 070 C020000 N 070 D010000 Y 070 D020000 N 070 E010000 N 070 E020000 N 070 F010000 N 070 F020000 N 070 G010000 N 070 G020000 N 070 H010000 N 070 H020000 N 070 I010000 N 070 I020000 N 070 J010000 N 070 J020000 N 070 K010000 Y 070 K020000 Y PAGE 9 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 N 070 N010000 Y 070 N020000 Y 070 O010000 Y 070 O020000 N 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 N 070 R020000 N 071 A000000 246066 071 B000000 259147 071 C000000 1152906 071 D000000 21 072 A000000 12 072 B000000 10259 072 C000000 10707 072 D000000 0 072 E000000 477 072 F000000 13401 072 G000000 0 072 H000000 93 072 I000000 40 072 J000000 175 072 K000000 156 072 L000000 191 072 M000000 118 072 N000000 0 072 O000000 1 072 P000000 0 072 Q000000 0 072 R000000 44 072 S000000 15 072 T000000 0 072 U000000 0 072 V000000 87 072 W000000 125 072 X000000 14446 072 Y000000 0 072 Z000000 6997 072AA000000 115593 072BB000000 5424 072CC010000 93033 072CC020000 0 072DD010000 8809 072DD020000 0 072EE000000 103263 PAGE 10 073 A010000 0.1400 073 A020000 0.0000 073 B000000 1.6400 073 C000000 0.2300 074 A000000 4218 074 B000000 126266 074 C000000 108337 074 D000000 379 074 E000000 1906 074 F000000 1273461 074 G000000 0 074 H000000 0 074 I000000 0 074 J000000 163 074 K000000 0 074 L000000 961 074 M000000 185 074 N000000 1515876 074 O000000 5360 074 P000000 1206 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 108882 074 S000000 220000 074 T000000 1180428 074 U010000 57259 074 U020000 0 074 V010000 20.62 074 V020000 0.00 074 W000000 0.0000 074 X000000 1690 074 Y000000 0 075 A000000 0 075 B000000 1120882 076 000000 22.21 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N PAGE 11 077 O000000 N 077 P000000 N 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A000000 ICI MUTUAL INSURANCE COMPANY 080 C000000 15000 081 A000000 Y 081 B000000 28 082 A000000 Y 082 B000000 75 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N 086 A010000 2548 086 A020000 50181 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 COMMON STOCK 087 A020000 780910105 087 A030000 RVT 087 B010000 CUMULATIVE PREFERRED STOCK 087 B020000 780910402 087 B030000 RVT.PRB 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 Y SIGNATURE DANI ENG TITLE ASSISTANT SECRETARY EX-99.77B ACCT LTTR 2 rvt77b06.htm REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
Royce Value Trust, Inc.
New York, New York

In planning and performing our audits of the financial statements of Royce Value Trust, Inc. ("Fund") for the year ended December 31, 2006, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered their internal control over financial reporting, including control activities for safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States of America. Such internal control includes policies and procedures that provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A control deficiency exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A significant deficiency is a control deficiency, or combination of control deficiencies, that adversely affects the company's ability to initiate, authorize, record, process or report financial data reliably in accordance with accounting principles generally accepted in the United States of America such that there is more than a remote likelihood that a misstatement of the company's annual or interim financial statements that is more than inconsequential will not be prevented or detected. A material weakness is a significant deficiency, or combination of significant deficiencies, that results in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

Board of Directors
Royce Value Trust, Inc.
Page Two

Our consideration of the Fund's internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be significant deficiencies or material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Trust's internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be material weaknesses, as defined above, as of December 31, 2006.

This report is intended solely for the information and use of management, and the Board of Directors of Royce Value Trust, Inc. and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania
February 12, 2007

EX-99.77C VOTES 3 rvt77c06.htm Exhibit 77C

ROYCE VALUE TRUST, INC.

At the 2006 Annual Meeting of Stockholders held on September 28, 2006, the Fund's stockholders elected four Directors, consisting of:

	Votes For	Votes Abstained
**William L. Koke	7,308,761	87,551
**David L. Meister	7,313,591	82,721
*G. Peter O'Brien	57,435,488	486,956
*Charles M. Royce	57,490,317	432,127

*Common Stock and Preferred Stock Voting Together As A Single Class

**Preferred Stock Voting As A Separate Class

-----END PRIVACY-ENHANCED MESSAGE-----