Article: Royce Value Trust (NYSE: RVT) as of July 31, 2009.

NEW YORK -- Royce Value Trust (NYSE: RVT):

* Oldest and largest small-cap closed-end fund

* Average weekly trading volume of approximately 341,000 shares

* Fund's adviser has more than 35 years of small- and micro-cap investment experience

 
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*The Fund's P/E ratio calculation excludes companies with zero or negative earnings.

Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.

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