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ROYCE SMALL-CAP TRUST, INC. Director's Dealing 2012

Oct 3, 2012

31714_dirs_2012-10-03_228a38df-2102-4f61-9278-b672f3792485.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYCE VALUE TRUST INC (RVT)
CIK: 0000804116
Period of Report: 2012-10-02

Reporting Person: ROYCE CHARLES M (Director, President, President - Investment Adviser)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-10-02 Common Stock G 50000 $13.0711 Disposed 142951 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 93912 Indirect

Footnotes

F1: Gift of shares to a charitable foundation established by Mr. Royce and members of his family. Neither Mr. Royce nor any family member has a pecuniary interest in the shares held by the charitable foundation.

F2: Shares held in a family investment entity of which the reporting person is the sole managing member and in which the reporting person has a substantial pecuniary interest (which may vary from time to time). The reporting person disclaims beneficial ownership of the portion of such 93,912 shares owned by the family investment entity in which he has no pecuniary interest.