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Royce Value Trust rights subscription price $15.33 per share, less than estimate

Published 07/05/2018, 04:49 PM
© Reuters.  Royce Value Trust rights subscription price $15.33 per share, less than estimate
  • Royce Value Trust (NYSE:RVT) completes common stock rights offering with the final subscription price of $15.33 per share falling short of the $16.41 price it had estimated.
  • Preliminary results of 7.1M subscription requests indicate gross proceeds to be more than $109M.
  • Shares under the offering are expected to be issued on or about July 9, 2018.
  • Source: Press Release
  • Now read: Small Cap CEF Yields 7.7%, Deep Discount Of 9.2%, Outperformed The Index The Past 32 Years


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