NEW YORK, Jan. 26, 2026 /PRNewswire/ -- Average weekly trading volume of approximately 429,716 shares Fund's adviser has more than 50 years of small- and micro-cap investment experience CLOSING PRICES AS OF 12/31/25 NAV 11.79 MKT 10.43 AVERAGE ANNUAL TOTAL RETURN AS OF 12/31/25 NAV (%) MKT (%) One-Month* 1.69 2.00 One-Year 16.57 16.13 Three-Year 15.55 15.38 Five-Year 8.85 9.51 10-Year 12.23 12.75 *Not Annualized Important Performance and Expense Information All per ...

Core Insights - Riverwater Partners' "Micro Opportunities Strategy" faced challenges in Q4 and FY2025, underperforming against benchmarks due to underweight exposure in speculative market areas [1] - The strategy's focus on high-quality stocks lagged behind the performance of low-quality stocks, which outperformed the market in 2025 [1] - For 2026, the strategy aims to concentrate on micro-cap companies with broader sales and growth trajectories, anticipating that the rally in low-quality stocks will be short-lived [1] Company Highlights - Douglas Dynamics, Inc. (NYSE:PLOW) is highlighted as a key stock, with a market capitalization of $841.683 million and a one-month return of 8.14%, while its shares increased by 47.72% over the last 52 weeks [2] - As of January 16, 2026, Douglas Dynamics, Inc. stock closed at $36.53 per share [2] - The company is a leading North American manufacturer of commercial snow and ice control equipment, operating through two segments: Work Truck Attachments and Work Truck Solutions, providing a unique cyclical profile and increasing stability [3]

Core Insights - The Royce Micro-Cap Trust, Inc. aims for long-term capital growth by investing primarily in equity securities of companies with market capitalizations of $1 billion or less [9] Performance Summary - As of November 30, 2025, the Net Asset Value (NAV) is $11.86, while the market price (MKT) is $10.46 [1] - Year-to-date performance shows a NAV return of 14.63% and a market return of 13.85% [1] - Over the past year, the NAV return is 9.03% compared to a market return of 9.95% [1] - The three-year annualized return for NAV is 13.78% and for MKT is 12.97% [1] - The five-year annualized return for NAV is 10.21% and for MKT is 11.03% [1] - The ten-year annualized return for NAV is 11.67% and for MKT is 12.28% [1] Portfolio Diagnostics - The average market capitalization of the portfolio is $871.4 million [4] - The weighted average Price-to-Book (P/B) ratio is 2.0x [4] - The net assets of the fund total $628.6 million [4] - The net leverage stands at 1.2% [4] Portfolio Composition - The top three positions in the portfolio are Argan (1.7%), Establishment Labs Holdings (1.4%), and 5N Plus (1.3%) [6] - The top five sectors by net assets are Industrials (26.3%), Information Technology (20.0%), Financials (15.7%), Health Care (13.9%), and Consumer Discretionary (9.4%) [8] Trading Information - The average weekly trading volume of the fund is approximately 556,750 shares [7] - The fund's adviser has over 50 years of experience in small- and micro-cap investments [7]