*** Exercise Your Right to Vote ***
Important Notice Regarding the Availability of Proxy Materials for the
Stockholder Meeting to Be Held on September 24, 2018.








ROYCE VALUE TRUST, INC.











Meeting Information


Meeting Type:
 
Annual Meeting


For holders
 as of:
 
July 18, 2018



Date: September 24, 2018   Time: 11:00 AM (Eastern Time)


Location:

Royce &
 Associates, LP


 
745 Fifth
 Avenue


 
New York,
 NY 10151



For directions to attend the meeting and vote in person, please call 1-800-221-4268.



















PROXY TABULATOR


P.O. BOX
 9112


FARMINGDALE,
 NY 11735











You are receiving this communication because you hold shares in the fund named above.



 



This is not a ballot. You cannot use this notice to vote these shares. This communication presents only an overview of
the more complete proxy materials that are available to
you on the Internet. You may view the proxy materials online at www.proxyvote.com or easily request a paper copy (see reverse side).



 



We encourage you to access and review all of the important information contained in the proxy materials before voting.





















See the reverse side of this notice to obtain proxy materials and voting instructions.






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— Before You Vote —
How to Access
 the Proxy Materials




Proxy Materials Available to VIEW or RECEIVE:


Proxy Statement



How to View Online:


Have the information that is printed in the box marked by the arrow → XXXX XXXX
 XXXX XXXX (located on the following page) and visit: www.proxyvote.com.



How to Request and Receive a PAPER or E-MAIL Copy:


If you want to receive a paper or e-mail copy of these documents, you must request one. There is NO charge for requesting a copy. Please choose one of the following methods to make your request:



1) BY INTERNET:
www.proxyvote.com



2) BY TELEPHONE:
1-800-579-1639



3) BY E-MAIL*:
sendmaterial@proxyvote.com



* If requesting materials by e-mail, please send a blank e-mail with the information that is printed in the box marked by the arrow → XXXX XXXX XXXX XXXX (located on the following page) in the subject line.



Requests, instructions and other inquiries sent to this e-mail address will NOT be forwarded to your investment advisor. If you wish to obtain a copy of the Annual Report you may do so by going online to www.roycefunds.com, calling Royce at 1-800-221-4268 or e-mailing a request to funds@roycefunds.com. Please make any request as instructed above on or before September 10, 2018 to facilitate timely delivery.



— How To Vote —
Please Choose One
 of the Following Voting Methods




Vote
 In Person: Many stockholder meetings have attendance requirements including, but not limited to, the possession of an attendance ticket issued by the entity holding the meeting. Please check the meeting materials for any special requirements for meeting attendance. At the meeting, you will need to request a ballot to vote these shares.





Vote
 By Internet: To vote now by Internet, go to www.proxyvote.com. Have the information that is printed in the box marked by the arrow → XXXX XXXX XXXX XXXX (located on the following page) available and follow the instructions.




Vote
 By Mail: You can vote by mail by requesting a paper copy of the materials, which will include a proxy card.




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Voting
 Items



The Board of Directors of the Fund

recommends a vote FOR the proposal.



1.
 
TO ELECT THE DIRECTOR NOMINEES OF


 
 
ROYCE VALUE TRUST, INC.


 
 
 
 


 
 
01)
Charles M.
 Royce


 
 
02)
G. Peter O’Brien


 
 
03)
David L. Meister


 
 
 
 


2.
 
THE PROXIES ARE AUTHORIZED TO VOTE UPON SUCH OTHER MATTERS AS MAY PROPERLY COME BEFORE THE ANNUAL MEETING.



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