SCHEDULE: Bank of America Updates Royce Small-Cap Trust Stake

Bank of America Corporation has filed an amended Schedule 13G, reporting a 4.9% beneficial ownership stake in Royce Small-Cap Trust, Inc., totaling 5,845,361 common shares.

Summary

• Bank of America Corporation (BAC) filed an Amendment No. 2 to its Schedule 13G for Royce Small-Cap Trust, Inc.
• The filing updates the aggregate amount beneficially owned by Bank of America, replacing Amendment No. 1 filed on November 14, 2025.
• Bank of America beneficially owns 5,845,361 shares of Common Stock in Royce Small-Cap Trust, Inc.
• This ownership represents 4.9% of the class of securities.
• Bank of America has shared voting power over 49,955 shares and shared dispositive power over 5,845,361 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: Neutral. This is a routine regulatory filing (Schedule 13G Amendment) reporting beneficial ownership, which typically does not carry inherent positive or negative sentiment regarding the issuer's performance or outlook. It simply updates an ownership stake.

Future Outlook

NA

Industry Context

Schedule 13G filings are routine disclosures by institutional investors holding significant, but passive, stakes in public companies. Bank of America, as a major financial institution, regularly files such reports to update its various investment holdings, reflecting standard portfolio management activities.

Stakeholder Impact

• Shareholders of Royce Small-Cap Trust, Inc. are informed of Bank of America's updated passive ownership stake, which may influence perceptions of institutional interest in the company.

Key Dates

Keywords

Bank of America, Royce Small-Cap Trust, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Ownership, SEC Filing, Investment