TORONTO, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the "Fund” or "FUND”) has declared a quarterly distribution of $0.2161 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on December 30, 2024 to stockholders of record at the close of business on December 13, 2024 (ex-dividend on December 13, 2024). The price of shares issued for reinvestment will be determined on December 20, 2024.
The Fund currently has adopted a Distribution Policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values ("NAVs”), with the fourth quarter distribution being the greater of 1.50% of the rolling average or the minimum distribution required by IRS regulations. The policy, including the annual rate, is subject to change at the discretion of the Fund's Board of Directors.
The Fund's estimated sources of the distribution to be paid on December 30, 2024 and for 2024 year-to-date are as follows:
Estimated Allocations as of November 30, 2024
| Distribution
Per Share | Net Investment Income | Net Realized
Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | $0.2161 | $ 0.0000 (0.00%) | $ 0.0000 (0.00%) | $ 0.2161 (100.00%) | $ 0.0000 (0.00%) | |
| Distribution
Per Share | Net Investment Income | Net Realized
Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | $0.6047 | $ 0.2146 (35.52%) | $ 0.0314 (5.18%) | $ 0.3587 (59.30%) | $ 0.0000 (0.00%) | |
Fund Performance and Distribution Rate Information
| Average Annual Total Return (in relation to NAV for the 5-year period ending on 11/30/2024)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 11/30/2024)2 | Cumulative total return (in relation to NAV for the fiscal year through 11/30/2024)3 | Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 11/30/2024)4 | |||||
| FUND | 11.59 | % | 2.30 | % | 10.74 | % | 6.45 | % |
2 The Annualized Current Distribution Rate is the current fiscal period's distribution rate annualized as a percentage of the Fund's NAV as of November 30, 2024.
3 Cumulative Total Return is the percentage change in the Fund's NAV from December 31, 2023 to November 30, 2024, assuming reinvestment of distributions paid.
4 The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2024 to November 30, 2024), as a percentage of the Fund's NAV as of November 30, 2024.
About Sprott Focus Trust, Inc.
Sprott Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq Global Select Market. The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities.
For further information on the Fund, please visit our web site at: www.sprottfocustrust.com. An investor should consider investment objectives, risks, charges and expenses carefully before investing. The Fund is a closed-end fund and closed-end funds do not continuously issue shares for sale as open-end mutual funds do. The Fund trades in the secondary market. Investors wishing to buy or sell shares need to place orders through an intermediary or broker.
Suite 230 | 320 Post Road | Darien, Connecticut | USA 06820 | (203) 636-0977 | www.sprott.com
Contact: Glen Williams
(416) 943-4394