Joanne Newgard

Royce Small-Cap Trust, Inc. operates as a closed-end diversified management investment fund, which engages in investments on small-cap stocks by investing in companies with high returns on invested capital or those with strong fundamentals. The company was founded on July 1, 1986 and is headquartered in New York, NY.

Royce & Associates LP, dba Royce Investment Partners (Royce), is a SEC-registered investment advisor headquartered in New York City. The firm was founded by Charles Royce in 1972 and is a subsidiary of Legg Mason Royce Holdings LLC, which is ultimately owned by Franklin Resources, Inc. (NYSE: BEN). Royce offers investment advisory services to US registered investment companies, non-US investment companies, collective investment trusts, two separate series of a privately offered limited liability company, and institutional separate accounts managed for a pension plan and a charitable organization.