Royce to Reopen Royce Premier and Special Equity Funds

Dec 21, 2015, 11:21 ET from The Royce Funds

NEW YORK, Dec. 21, 2015 /PRNewswire/ -- Effective Monday, January 4, 2016, Royce Premier and Special Equity Funds will reopen to new investors. The Funds will reopen to all investors because Chuck Royce and Charlie Dreifus, the Funds' respective portfolio managers, are comfortable accepting additional asset flows at each Fund's current asset base.  

Mr. Royce and Mr. Dreifus, both large shareholders in these portfolios, believe reopening at this time is in the best interests of each portfolio's shareholders. Mr. Dreifus commented, "I would like the Fund to be available to those investors who want to participate in its opportunistic purchases considering both current valuations for equities and the uncertain global economy. As always, I will carefully watch asset flows in relation to purchase opportunities and will not hesitate to close the Fund if flows are strong but opportunities are scarce." Chuck Royce added, "The market seems to have overlooked many of the sort of high-quality small-cap companies that Royce Premier Fund targets. I believe a situation is developing wherein these types of premier companies can significantly rebound."

Royce Premier Fund seeks long-term capital appreciation. It is one of Royce's core funds and invests primarily in what Royce believes are "premier" small-cap companies (generally those with market caps from $1 billion-$3 billion at the time of investment) with discernible competitive advantages, high returns on invested capital, and a sustainable, moat-like franchise. Mr. Royce manages the Fund, assisted by Lauren Romeo and Steven McBoyle.

Royce Special Equity Fund also seeks long-term capital appreciation. It is a small-cap value fund (generally those with market caps up to $3 billion) that looks for conservatively managed companies with transparent accounting that have a viable niche or franchise whose stock can be bought below its economic value. Mr. Dreifus manages the Fund, assisted by Steven McBoyle.

If you have any questions regarding this release, please call Investor Services at 1-800-337-6923. For further information on The Royce Funds, please visit our website at www.roycefunds.com.

About Royce & Associates, LLC: For more than 40 years Royce & Associates, LLC, investment adviser to The Royce Funds, has used a disciplined, value-oriented approach to select micro-cap, small-cap, and mid-cap companies. We have a seasoned staff of investment professionals, most with more than 15 years of experience. Chuck Royce, the firm's founder and a pioneer of small-cap investing, enjoys one of the longest tenures of any mutual fund manager. Royce & Associates, LLC is a wholly owned affiliate of Legg Mason Inc. (NYSE: LM). Royce Fund Services, Inc., the Fund's distributor, is a member of FINRA and the SIPC.

An investor should carefully consider each Fund's investment objective, risks, charges and expenses before investing or sending money. This and other important information about Royce Premier and Special Equity Funds can be found in the Funds' prospectus. To obtain a prospectus, please visit www.roycefunds.com call or Investor Services at (800) 221-4268. Distributor: Royce Fund Services, Inc., a member of FINRA and SIPC.

Royce Premier Fund

Royce Special Equity Fund

Investment Class, RYPRX, 780905600

Investment Class, RYSEX, 780905782

Service Class, RPFFX, 780905634 

Service Class, RSEFX, 780905527

Institutional Class, RPFIX, 780905683

Institutional Class, RSEIX, 780905535

Consultant Class, RPRCX, 780905550

Consultant Class, RSQCX, 780905543

R Class, RPRRX, 780905287

K Class, RPRKX, 780811402

W Class, RPRWX, 780905451

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SOURCE The Royce Funds



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