<SEC-DOCUMENT>0001514490-20-000015.txt : 20201029
<SEC-HEADER>0001514490-20-000015.hdr.sgml : 20201029
<ACCEPTANCE-DATETIME>20201028183721
ACCESSION NUMBER:		0001514490-20-000015
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20201029
DATE AS OF CHANGE:		20201028
EFFECTIVENESS DATE:		20201029

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ROYCE GLOBAL VALUE TRUST, INC.
		CENTRAL INDEX KEY:			0001514490
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-22532
		FILM NUMBER:		201269962

	BUSINESS ADDRESS:	
		STREET 1:		745 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10151
		BUSINESS PHONE:		212-508-4500

	MAIL ADDRESS:	
		STREET 1:		745 FIFTH AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10151
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>rgt-defa14a102820.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>As filed with the Securities and Exchange
Commission on October 29, 2020</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SCHEDULE 14A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Rule 14a-101)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>INFORMATION REQUIRED IN PROXY STATEMENT<BR>
SCHEDULE 14A INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Proxy Statement Pursuant to Section 14(a) of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">the Securities Exchange Act of 1934 (Amendment
No. )</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by the Registrant <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9746;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Filed by a Party other than the Registrant <FONT STYLE="font-family: Segoe UI Symbol,sans-serif">&#9744;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 48px"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Preliminary Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt"><B>Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Proxy Statement</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Definitive Additional Materials</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting Material Pursuant to &sect;240.14a-12</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt"><B>ROYCE GLOBAL VALUE TRUST, INC.</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Registrant as Specified In Its Charter)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">N/A</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Payment of Filing Fee (Check the appropriate box):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">No fee required.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="width: 86%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title of each class of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Aggregate number of securities to which transaction applies:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined):</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Proposed maximum aggregate value of transaction:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(5)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Total fee paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fee paid previously with preliminary materials.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9744;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Amount Previously Paid:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(2)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Form, Schedule or Registration Statement No.:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(3)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Filing Party:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(4)</FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Date Filed:</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B><STRIKE></STRIKE></B></P>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B>FOR
IMMEDIATE RELEASE</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white"><B>Royce Global Value
Trust, Inc. Announces<BR>
Commencement of Conditional Tender Offer and<BR>
Postponement of Special Meeting of Stockholders until December 1, 2020</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">NEW YORK&mdash;October 28, 2020.&nbsp;Royce
Global Value Trust, Inc. (NYSE: RGT) (the &ldquo;Fund&rdquo;) today announced the commencement of the previously announced conditional
cash tender offer for up to 40% of the Fund&rsquo;s issued and outstanding shares of common stock, par value $0.001 per share,
as of October 12, 2020 (the &ldquo;Shares&rdquo;) at a price per Share equal to 100% of the Fund&rsquo;s net asset value per Share
as of the close of regular trading on the New York Stock Exchange on the trading day immediately following the expiration date
for the offer. The closing of the tender offer is contingent on the Fund&rsquo;s stockholders approving a new investment advisory
agreement with Royce Investment Partners (&ldquo;Royce&rdquo;)<SUP>1</SUP>. The tender offer will expire at 11:59 p.m. Eastern
Time on December&nbsp;16, 2020, unless extended.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">If the number of Shares
tendered in the tender offer exceeds the maximum number of Shares that is subject to the tender offer, the Fund will purchase Shares
from tendering stockholders on a pro rata basis (disregarding fractional shares). Accordingly, no assurance can be given that the
Fund will purchase all of a stockholder's tendered Shares in the tender offer. In addition, no assurance can be given that any
Share repurchases will reduce or eliminate any discount of the Fund&rsquo;s market price per Share to the Fund&rsquo;s net asset
value per Share.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The tender offer is being made on the terms,
and subject to the conditions, set forth in the Fund&rsquo;s tender offer statement on Schedule TO (including an offer to purchase,
a related letter of transmittal, and other offer documents) that has been filed with the Securities and Exchange Commission (the
&ldquo;SEC&rdquo;). Fund stockholders should read all of these documents carefully as they contain important information about
the tender offer. Fund stockholders can obtain a free copy of each of these documents at the SEC&rsquo;s website at www.sec.gov
or by calling Innisfree M&amp;A Incorporated, the Fund&rsquo;s information agent, toll-free at (877) 456-3442. This press release
is not a recommendation, an offer to purchase, or a solicitation of an offer to sell Shares and is not a prospectus, circular,
or representation intended for use in the purchase or sale of Shares.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">The Fund today also
announced that the Special Meeting of Stockholders of the Fund (the &ldquo;Meeting&rdquo;), at which the new investment advisory
agreement will be considered and voted upon by the Fund&rsquo;s stockholders, has been postponed from Friday, October 30, 2020
at 1:00 p.m. Eastern Time until Tuesday, December 1, 2020 at 1:00 p.m. Eastern Time. As previously announced, due to the continuing
public health impact of the COVID-19 pandemic and to support the health and safety of the Fund&rsquo;s stockholders, the Meeting
will be held in a virtual meeting format and will be accessible solely by means of remote communication.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">The Board of Directors
of the Fund recommends stockholders vote &ldquo;FOR&rdquo; the approval of the new investment advisory agreement. Approval of the
new agreement will enable: (i) Royce to continue to manage the Fund and execute the strategy that has delivered impressive relative
performance for stockholders and (ii) the Fund to complete the tender offer. The two leading proxy advisory firms, Institutional
Shareholder Services Inc. and Glass Lewis &amp; Co., have also recognized the Fund&rsquo;s outperformance relative to its peers
and the benefits of approving the new investment advisory agreement, and have therefore recommended stockholders vote &ldquo;FOR&rdquo;
the approval of the new investment advisory agreement. Each stockholder&rsquo;s vote is important, regardless of the number of Shares owned,
and not voting has the same effect as voting against the new investment advisory agreement.</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">The
record date of </FONT>the close of business on <FONT STYLE="font-size: 11pt">September 8, 2020 remains unchanged. Previously submitted
proxies are revocable. The previous submission of proxies also will not affect your right to vote in the event that you attend
the Meeting. Please note, however, that attendance alone at the Meeting without voting will not be sufficient to revoke a previously
authorized proxy.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">The Fund has filed
a supplement (the &ldquo;Supplement&rdquo;) to its definitive proxy statement, dated May&nbsp;11, 2020 (as supplemented, the &ldquo;Proxy
Statement&rdquo;) with the SEC. The Supplement contains, among other things, a new notice with an updated record date. The Supplement
was distributed to all stockholders entitled to vote at the Meeting. Stockholders are advised to read the Proxy Statement and the
Supplement in full because they contain important information about the proposal. The Proxy Statement and the Supplement are available
on the Internet at&nbsp;<FONT STYLE="color: #0066CC">http://www.ReadOurMaterials.com/rgt</FONT>. The Proxy Statement, the Supplement,
and other documents filed by the Fund are also available for free on the SEC's website at&nbsp;<FONT STYLE="color: #0066CC">http://www.sec.gov</FONT>.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-size: 11pt">The
<U>WHITE</U>&nbsp;proxy card included with the proxy materials that were distributed to stockholders as of </FONT>the close of
business on <FONT STYLE="font-size: 11pt">the original record date (i.e., May 1, 2020) has not been updated to reflect the changes
in location, date, or time for the Meeting. The <U>WHITE</U>&nbsp;proxy card included with the proxy materials that were distributed
to stockholders as of </FONT>the close of business on <FONT STYLE="font-size: 11pt">the new record date (i.e., September 8, 2020)
has not been updated to reflect the date change for the Meeting. Both <U>WHITE</U>&nbsp;proxy cards may, however, continue to be
used by stockholders entitled to vote at the Meeting. </FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">The Meeting will be
held at the following website:&nbsp;<FONT STYLE="color: #0066CC">http://www.meetingcenter.io/249551845</FONT>. To participate in
the Meeting, Fund stockholders must enter the following password: RGVT2020. Fund stockholders must also enter the control number
that appears on the&nbsp;<U>WHITE</U><FONT STYLE="font-weight: normal">&nbsp;</FONT>proxy card that they previously received from
the Fund.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">The website for the
Meeting will become accessible to stockholders beginning at approximately 1:00 p.m. Eastern Time on November 30, 2020. Stockholders
are encouraged to access the website beginning at this time and prior to the start of the Meeting to allow ample time to log into
the Meeting webcast and test the computer system, and, if planning to vote at the Meeting, to vote using the stockholder ballot
accessible on the Meeting website. Such ballot will contain instructions on how to submit votes during the Meeting, including the
email address to which the completed ballot and any legal proxies should be sent. For questions relating to participation at the
Meeting by remote communication, please call Computershare Fund Services (&ldquo;Computershare&rdquo;) toll-free at (800) 426-5523.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">Stockholders who hold
Shares through an intermediary, such as a bank or broker, must register in advance to attend the Meeting. To register, stockholders
must submit proof of their proxy power (legal proxy) reflecting their Fund holdings, along with their name and email address to
Computershare. Stockholders may forward an email from their intermediary or send an image of their legal proxy to shareholdermeetings@computershare.com.
Requests for registration must be received no later than 1:00 p.m. Eastern Time on November 25, 2020. Stockholders will receive
a confirmation email from Computershare of the stockholder&rsquo;s registration and a control number that will allow the stockholder
to vote at the Meeting.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">Stockholders are not
required to attend the Meeting to vote on the proposal. Whether or not stockholders plan to attend the Meeting, the Fund urges
stockholders to authorize a proxy to vote their Shares in advance of the Meeting by one of the methods described in the Proxy Statement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">Stockholders who need
assistance voting may contact the Fund&rsquo;s proxy solicitor, Innisfree M&amp;A Incorporated, by calling (877) 825-8906 (toll-free
in North America). Banks and brokers may call collect at (212) 750-5833.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B>About Royce Global
Value Trust, Inc.</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">Royce Global Value
Trust, Inc. is a closed-end diversified management investment company whose Shares are listed and traded on the New York Stock
Exchange. The Fund invests in both U.S. and non-U.S. common stocks (generally market caps up to $10 billion).</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For
further information on The Royce Funds</FONT><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&#8480;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">,
please visit our web site at:&nbsp;<FONT STYLE="color: #0066CC">www.royceinvest.com</FONT>.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B>Forward Looking
Statement</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">This press release
is not an offer to purchase nor a solicitation of an offer to sell shares of the Fund. This letter may contain statements regarding
plans and expectations for the future that constitute forward-looking statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements other than statements of historical fact are forward-looking and can sometimes be identified
by the use of words such as &ldquo;plan,&rdquo; &ldquo;expect,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;could,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;intend,&rdquo; &ldquo;project,&rdquo; &ldquo;estimate,&rdquo; &ldquo;guidance,&rdquo; &ldquo;possible,&rdquo;
&ldquo;continue&rdquo; and other similar terms and phrases, although not all forward-looking statements include these words. Such
forward-looking statements are based on the current plans and expectations of the Fund, and are subject to risks and uncertainties
that could cause actual results, performance and events to differ materially from those described in the forward-looking statements.
Additionally, past performance is no guarantee of future results. Additional information concerning such risks and uncertainties
are or will be contained in the Fund&rsquo;s filings with the SEC, including the Fund&rsquo;s Annual Report to Stockholders on
Form N-CSR for the year ended December 31, 2019, the Fund&rsquo;s Semiannual Report to Stockholders on Form N-CSRS for the six-month
period ended June 30, 2020, and subsequent filings with the SEC. These factors should be considered carefully and readers are cautioned
not to place undue reliance on such forward-looking statements. The Fund does not undertake any responsibility to update publicly
or revise any forward-looking statement.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B>Media Contact</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white">Joele Frank, Wilkinson
Brimmer Katcher: Lucas Pers 212-355-4449</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><B>Important Disclosure
Information</B></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><SUP>&nbsp;</SUP></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; background-color: white"><SUP>1</SUP>Royce &amp;
Associates, LP is a Delaware limited partnership that primarily conducts its business under the name Royce Investment Partners
and has served as the Fund&rsquo;s investment adviser since the Fund&rsquo;s inception.</P>



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