Royce Value Trust, Inc. (NYSE:RVT) announced today that it has fixed the close of business on May 30, 2018 as the record date for determination of stockholders entitled to participate in the Fund's previously announced common stock rights offering. Each stockholder will receive one non-transferable right for each whole share of common stock held of record as of such record date, rounded up to the nearest number of Rights evenly divisible by ten. The Rights will allow stockholders to subscribe for one new share of common stock for each ten Rights held (the "Primary Subscription"). The Rights are non-transferable and may not be purchased or sold.

Record date common stockholders who fully exercise their Rights in the Primary Subscription may also subscribe, subject to certain limitations and a pro-rata allotment, for those shares not purchased pursuant to the Primary Subscription. If such over-subscription requests exceed the number of shares available, the Fund may, in its sole discretion and subject to certain anti-dilution limitations, increase the number of shares subject to subscription by up to 20% of the number of shares available under the Primary Subscription.

About Royce & Associates, LP: Royce & Associates, LP is a small-cap equity specialist offering distinct investment strategies with unique risk/return profiles designed to meet a variety of investors' needs. For more than 40 years, our strategies have focused on active, risk-conscious investing driven by deep, fundamental company research. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures in the industry. Royce & Associates, LP is a subsidiary of Legg Mason Inc. (NYSE: LM).