Home / Franklin Templeton / ROYCE CAPITAL FUND
ROYCE CAPITAL FUND
fund voting report, part of Franklin Templeton
- Vote records reported
- 2,108year to 30 June 2026
- Against management
- 5.9%122 of 2,077 marked votes
- Say-on-pay support
- 89.9%for, of for + against + abstain
- Shareholder-proposal support
- 55.6%for, of for + against + abstain
foragainstabstain, withhold or otheramber tick: the portion cast against management
ROYCE CAPITAL FUND reported 2,108 vote records for the year to 30 June 2026. It marked 5.9% of its votes as cast against management (122 of 2,077), close to the median fund registrant, which was 6.2%.
Weighted by the number of shares voted, the against-management share is 7.3%. The two figures differ when the votes against management fall on larger or smaller holdings than the rest.
On pay and on shareholder proposals: it voted for 89.9% of the section 14A say-on-pay items it reported (the median fund registrant: 91.6%) and it voted for 55.6% of the proposals put forward by security holders (the median fund registrant: 27.5%).
By category, votes against management were most frequent in COMPENSATION (36.2% of 94), CORPORATE GOVERNANCE (14.9% of 74) and SECTION 14A SAY-ON-PAY VOTES (10.5% of 220).
It reported 5,841 shares out on loan at record dates, 0.01% of the shares it held or had lent across the meetings it reported. Shares on loan are not voted.
Compared with other filers
Each rate is defined once, in the methodology. The median is taken over 1,241 fund registrants with at least 25 vote records in the season.
| year to 30 June 2026 | This filer | Median fund registrant | All filers pooled |
|---|---|---|---|
| Against-management share | 5.9% | 6.2% | 10.6% |
| Say-on-pay support rate | 89.9% | 91.6% | 86.0% |
| Shareholder-proposal support rate | 55.6% | 27.5% | 33.9% |
| Shares on loan, share of shares held | 0.01% | 0.00% | 3.12% |
| Largest families, year to 30 June 2026 | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|
| Vanguard | 20.1% | 94.1% | 42.0% |
| BlackRock and iShares | 7.5% | 88.3% | 11.9% |
| Fidelity | 6.0% | 94.7% | 27.6% |
| Dimensional | 16.4% | 78.9% | 57.4% |
| State Street and SPDR | 16.9% | 77.1% | 50.4% |
Votes by category
Filers choose one or more categories for each vote, so a vote can appear in more than one row. Category names are printed as Form N-PX defines them.
| Category (as the form names it) | Votes | For | Against | Against management | Split |
|---|---|---|---|---|---|
| DIRECTOR ELECTIONS | 1,427 | 1,377 | 12 | 3.5% | |
| SECTION 14A SAY-ON-PAY VOTES | 222 | 179 | 6 | 10.5% | |
| AUDIT-RELATED | 233 | 233 | 0 | 0.0% | |
| SHAREHOLDER RIGHTS AND DEFENSES | 5 | 3 | 2 | 40.0% | |
| EXTRAORDINARY TRANSACTIONS | 16 | 13 | 3 | 12.5% | |
| CAPITAL STRUCTURE | 16 | 16 | 0 | 0.0% | |
| COMPENSATION | 94 | 60 | 10 | 36.2% | |
| CORPORATE GOVERNANCE | 74 | 62 | 12 | 14.9% | |
| ENVIRONMENT OR CLIMATE | 3 | 3 | 0 | 33.3% | |
| HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCE | 2 | 2 | 0 | 0.0% | |
| DIVERSITY, EQUITY, AND INCLUSION | 2 | 2 | 0 | 0.0% | |
| OTHER SOCIAL ISSUES | 3 | 3 | 0 | 0.0% |
By season
| Season | Vote records | Against management | Say-on-pay support | Shareholder-proposal support | Split |
|---|---|---|---|---|---|
| year to 30 June 2024 | 1,835 | 6.1% | 91.2% | 83.3% | |
| year to 30 June 2025 | 1,985 | 4.2% | 90.9% | 41.7% | |
| year to 30 June 2026 | 2,108 | 5.9% | 89.9% | 55.6% |
Say-on-pay votes against management
Counting one say-on-pay item per company meeting, ROYCE CAPITAL FUND voted against management on 17 of the 191 it marked either way (8.9%) in the year to 30 June 2026.
A further 1 say-on-pay item was reported without a management mark and are left out of both sides of that fraction.
- Harmony Biosciences Holdings, Inc. 14 May 2026
- nLIGHT, Inc. 5 Jun 2026
- Upwork Inc. 4 Jun 2026
- Customers Bancorp, Inc. 26 May 2026
- Wesbanco, Inc. 15 Apr 2026
- Berkshire Hills Bancorp, Inc. 13 May 2026
- IMAX Corporation 10 Jun 2026
- First Watch Restaurant Group, Inc. 20 May 2026
- Tiptree Inc. 28 Apr 2026
- PowerFleet, Inc. 16 Sep 2025
- Target Hospitality Corp. 21 May 2026
- Civista Bancshares, Inc. 19 May 2026
- Standard BioTools Inc. 17 Jun 2026
- Ribbon Communications Inc. 3 Jun 2026
- Silvercrest Asset Management Group Inc. 3 Jun 2026
- Delcath Systems, Inc. 13 May 2026
- EVI Industries, Inc. 15 Dec 2025
Shareholder proposals it supported
Of 7 proposals from security holders that could be told apart in the filings and on which it cast a vote, ROYCE CAPITAL FUND voted for 3 (42.9%). Titles are the most common wording among filers; where a wording could name a person, the SEC category is printed instead.
| Company | Meeting | Proposal |
|---|---|---|
| Jabil Inc. | 22 Jan 2026 | Vote on a stockholder proposal requesting stockholder right to act by written consent. |
| Meritage Homes Corporation | 21 May 2026 | Shareholder proposal to improve shareholder ability to call for a special shareholder meeting. |
| ArcBest Corporation | 24 Apr 2026 | A shareholder proposal to approve GHG emissions reduction targets |
Shares on loan
ROYCE CAPITAL FUND reported 5,841 shares on loan at record dates against 115.9 million shares voted: 0.01% of the two together. Median fund registrant: 0.00%. Shares lent out at the record date cannot be voted by the lender, which is why Form N-PX asks for the figure. More on lending and votes.
Fund series in this filing
2 series reported votes. A vote record can list several series. Series with 500 or more vote records have their own page.
| Series | Vote records | Against management | Say-on-pay support | Shareholder-proposal support |
|---|---|---|---|---|
| Royce Capital Fund Micro-Cap Portfolio | 1,290 | 5.0% | 91.2% | not reported |
| Royce Capital Fund Small-Cap Portfolio | 818 | 7.2% | 91.4% | 50.0% |
The filings
These figures are read from the filer's own Form N-PX. If a vote on this page looks wrong, the filing is the record: a dispute about a filed vote is a matter for the filer, and an error in how this site read the filing is a matter for corrections.
- N-PX filed 18 Aug 2026 accession 0000906304-26-000156
- Every N-PX filing by this filer on EDGAR
Questions
How did ROYCE CAPITAL FUND vote on executive pay?
In the year to 30 June 2026 ROYCE CAPITAL FUND reported 199 votes in the category SECTION 14A SAY-ON-PAY VOTES that were cast for, against or abstain. 179 were for (89.9%), 6 against and 14 abstentions. Counting one item per company meeting, it voted against management on 17 of the 191 say-on-pay items it marked either way. A further 1 say-on-pay item was reported without a management mark and are not counted in that figure.
How often does ROYCE CAPITAL FUND vote against management?
5.9% of the time in the year to 30 June 2026: 122 of the 2,077 votes it marked as for or against management. Form N-PX asks each filer to state, vote by vote, whether the vote was for or against management's recommendation; this figure counts those marks.
Did ROYCE CAPITAL FUND support shareholder proposals on climate?
In the category ENVIRONMENT OR CLIMATE it reported 1 votes on proposals from security holders in the year to 30 June 2026 and voted for 1 of them (100.0%). Across every category it voted for 55.6% of security-holder proposals. Filers choose the category for each vote, so the same proposal can sit in different categories in different filings.
Is this the result of the meetings?
No. Form N-PX shows how this filer voted the shares it held. It does not show how other shareholders voted or whether a proposal was approved. Companies report certified results separately, on Form 8-K.
Where does the data come from?
From the Form N-PX filings of this filer on the SEC's EDGAR system, read as filed. The SEC does not verify the contents. Amended filings (N-PX/A) replace the filings they amend. Data on this page runs through 23 Sep 2026.
Provenance: SEC EDGAR, Form N-PX and N-PX/A filings by ROYCE CAPITAL FUND (filer no. 1006387), read as filed and not verified by the SEC. Amended filings replace the filings they amend. Filings read through 23 Sep 2026; page built 26 Sep 2026.