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Sprott Focus Trust, Inc. (FUND) is a diversified closed-end investment company dedicated to achieving long-term capital growth for its investors. As part of the renowned global asset manager Sprott Inc., the Fund leverages cutting-edge investment strategies, focusing primarily on equity securities and direct obligations of the U.S. Government and its agencies. It also invests in non-convertible preferred stocks and debt securities of both domestic and foreign companies.
Core Business: Sprott Focus Trust Inc. aims to provide sustainable capital appreciation through a diversified portfolio. Its investments span multiple sectors including Materials, Financials, Energy, and Information Technology, ensuring a balanced and robust growth strategy. The Fund continuously evaluates its portfolio, seeking opportunities that align with its primary objective of long-term growth.
Achievements and Projects: The Fund has consistently delivered solid performance, backed by the extensive expertise and innovative investment products of its parent company, Sprott Inc. Recent projects include expanding its investment scope within emerging markets and sustainable energy sectors, which aligns with global trends and investor demand for responsible investing.
Financial Condition and Partnerships: Sprott Focus Trust Inc. benefits from the financial stability and diverse asset management capabilities of Sprott Inc. The Fund’s partnerships with various natural resource companies offer unique investment opportunities, further enhancing its portfolio’s resilience and growth potential. Additionally, the Fund is supported by Sprott’s merchant banking and resource lending activities, providing a solid foundation for capital needs.
Products and Services: Investors in Sprott Focus Trust Inc. gain access to a range of best-in-class investment products. These include innovative physical bullion trusts, mining ETFs, and private equity and debt strategies. Sprott’s specialized approach ensures that the Fund remains a leader in providing differentiated and high-quality investment options.
Based in Toronto, and with offices in Connecticut, Carlsbad, and Vancouver, Sprott Focus Trust Inc. continues to uphold its commitment to delivering outstanding value and growth for its shareholders. The Fund’s common shares trade on the Toronto Stock Exchange under the symbol TSX: SII.
Sprott Focus Trust (Nasdaq-FUND) has announced a quarterly distribution of $0.2161 per share for Q4 2024, payable on December 30, 2024. Stockholders of record by December 13, 2024, can receive the distribution in cash or additional shares. The Fund maintains a quarterly distribution policy at an annual rate of 6% based on the rolling average of prior four quarter-end NAVs.
The distribution is comprised entirely of net realized long-term gains (100%). For 2024 through November 30, the Fund's distributions included 35.52% from net investment income, 5.18% from short-term gains, and 59.30% from long-term gains. The Fund reported an average annual total return of 11.59% over the past 5 years and a cumulative total return of 10.74% for the fiscal year through November 30, 2024.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.1301 per share on its Common Stock, payable on September 30, 2024. The distribution can be received in additional shares or cash. The Fund follows a Distribution Policy of paying quarterly distributions at an annual rate of 6% of the rolling average of the prior four quarter-end NAVs. For the current distribution, 44.27% comes from Net Investment Income, 3.23% from Net Realized Long-Term Gains, and 52.50% from Return of Capital. The Fund's 5-year Average Annual Total Return is 11.78%, with a Current Distribution Rate of 1.46%. The Cumulative Total Return for the fiscal year through August 31, 2024, is 3.78%.
Sprott Focus Trust (Nasdaq: FUND) has announced a quarterly distribution of $0.1299 per share, payable on July 1, 2024. This distribution is part of the Fund's policy of paying quarterly distributions at an annual rate of 6% based on the rolling average NAV of the previous four quarters. For this distribution, stockholders can choose to receive additional shares or cash. The distribution's sources are estimated to be 14.86% from net investment income, 3.85% from short-term gains, and 81.29% from long-term gains. The average annual total return for the Fund over the past five years is 13.67%, with a current annualized distribution rate of 1.43% as of May 31, 2024.
Sprott Focus Trust (Nasdaq-FUND) has announced a quarterly distribution of $0.1254 per share, payable on March 24, 2023 to stockholders on record by March 13, 2023. This distribution can be received in cash or additional shares. The Fund maintains a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on rolling average NAVs. The current distribution breakdown includes net investment income of $0.0265, short-term gains of $0.0292, long-term gains of $0.0347, and return of capital of $0.0350. The estimated annualized distribution rate as of February 28, 2023 is 5.58%.
Sprott Focus Trust (Nasdaq-FUND) announced a quarterly distribution of $0.1276 per share on its Common Stock, payable on December 22, 2022, to stockholders of record by December 12, 2022. The distribution policy entails a quarterly payment at an annual rate of 6% based on a rolling average of the previous four quarters' net asset values (NAVs). The fourth quarter distribution will be the greater of 1.50% or the minimum IRS-required distribution. The Fund’s sources for this distribution include a 100% return of capital for the current distribution.
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