On June 29, 2020, Royce Value Trust, Inc. announced that Glass Lewis & Co. recommends that stockholders vote for in order to approve the new investment advisory agreement with Royce Investment Partners, the Fund’s investment manager. The Company stated that Glass Lewis is the second independent proxy advisory firm to recommend that stockholders vote for the agreement on the Company’s proxy card. The Company stated that as previously announced, Institutional Shareholder Services has also recommended that the Fund’s stockholders vote for the agreement. The Company added that the special meeting of stockholders to consider the new investment advisory agreement is scheduled to be held on July 14, 2020.
Royce Value Trust, Inc. is a diversified, closed-end investment company. The Company primarily invests in small-cap securities. The Companyâs portfolio sectors include industrials, financials, information technology, materials, healthcare, consumer discretionary, energy, consumer staples, real estate, and communication services. The Company's investment advisor is Royce & Associates, LP. Royce & Associates, LP primarily conducts business using the name Royce Investment Partners (Royce).