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AI brief of an SEC Form 8-K · ROYCE MICRO-CAP TRUST, INC. (RMT)

Royce Micro-Cap Trust: Chuck Royce to become Senior Advisor; Jim Stoeffel to lead RMT

Neutral Impact 3 of 5 leadership Written later

Royce Investment Partners said Chuck Royce will move to a Senior Advisor role effective September 30, 2024, after completing his transition from day-to-day portfolio management. For Royce Micro-Cap Trust shareholders, Jim Stoeffel is set to become lead portfolio manager of the trust at that date, with Brendan Hartman remaining portfolio manager and Andrew Palen joining as assistant portfolio manager.

Key points

  • Chuck Royce becomes Senior Advisor effective September 30, 2024
  • Jim Stoeffel becomes lead portfolio manager of Royce Micro-Cap Trust effective after the close of business on September 30, 2024
  • Brendan Hartman remains portfolio manager; Andrew Palen joins as assistant portfolio manager
  • Royce said it has added 15 investment professionals over the last five years

The filing

CompanyROYCE MICRO-CAP TRUST, INC. (RMT)
Form8-K, current report
Filed with the SECJul 17, 2024, 4:21 PM ET
Accession number0000949377-24-000097

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:28 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 17, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.