0000906304-12-000493.txt : 20121010 0000906304-12-000493.hdr.sgml : 20121010 20121010135601 ACCESSION NUMBER: 0000906304-12-000493 CONFORMED SUBMISSION TYPE: N-23C-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20121115 FILED AS OF DATE: 20121010 DATE AS OF CHANGE: 20121010 EFFECTIVENESS DATE: 20121010 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: N-23C-2 SEC ACT: 1940 Act SEC FILE NUMBER: 817-00781 FILM NUMBER: 121137319 BUSINESS ADDRESS: STREET 1: 745 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10151 BUSINESS PHONE: 2123557311 MAIL ADDRESS: STREET 1: 745 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10151 N-23C-2 1 rvt23c2-1012.htm RVT RULE 23C-2 rvt23c2-1012.htm

SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
RULE 23C-2 NOTICE OF INTENTION
TO REDEEM SECURITIES
 
OF
 
ROYCE VALUE TRUST, INC.
745 Fifth Avenue
New York, New York 10151
(800) 221-4268
 
under the
Investment Company Act of 1940
Investment Company Act File No. 811-04875
 
 

 
(1)           TITLE OF THE CLASS OF SECURITIES OF ROYCE VALUE TRUST, INC. (THE “FUND”) TO BE REDEEMED:
 
5.90% Cumulative Preferred Stock, par value $.001 per share, liquidation preference $25.00 per share (the “5.90% Preferred Stock”).
 
(2)           THE DATE ON WHICH THE SECURITIES ARE TO BE CALLED OR REDEEMED:
 
November 15, 2012.
 
(3)           THE APPLICABLE PROVISIONS OF THE GOVERNING INSTRUMENT PURSUANT TO WHICH THE SECURITIES ARE TO BE CALLED OR REDEEMED:
 
The shares of the 5.90% Preferred Stock are to be redeemed pursuant to Article II, paragraph 3(b) of the Fund’s Articles Supplementary creating and fixing the rights of the 5.90% Preferred Stock, the form of which was filed with the Securities and Exchange Commission on October 2, 2003 as Exhibit (a) 10 to Pre-Effective Amendment No. 1 to the Fund’s Registration Statement on Form N-2.
 
(4)           THE  PRINCIPAL AMOUNT REDEEMED OR NUMBER OF SHARES AND THE BASIS UPON WHICH THE SECURITIES TO BE REDEEMED ARE TO BE SELECTED:
 
The Fund intends to redeem all of the outstanding shares (8,800,000) of the 5.90% Preferred Stock.  In order for the Fund to redeem all of the outstanding shares of the 5.90% Preferred Stock must pay the 5.90% Preferred Stock’s aggregate liquidation preference of $220,000,000, plus an amount equal to accumulated and unpaid dividends (whether or not earned or declared) on the 5.90% Preferred Stock through the applicable redemption date.
 
The redemption of the 5.90% Preferred Stock is subject to the Fund’s obtaining partial alternative financing in the form of a committed credit facility from BNP Paribas (“Sufficient Funds”).  In the event the Fund does not receive Sufficient Funds, the Fund will not be required to redeem the 5.90% Preferred Stock.  The Fund will provide notice to the holders of the 5.90% Preferred Stock in the event the redemption of the 5.90% Preferred Stock is cancelled or delayed.
 
SIGNATURE
 
Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned, duly authorized in the State of Maryland, on this 10th day of October 2012.
 
ROYCE VALUE TRUST, INC.

 
By:        /s/ Charles M. Royce                                                      
 
Name:            Charles M. Royce
Title:             President