Welcome to our dedicated page for Sprott Focus Trust news (Ticker: FUND), a resource for investors and traders seeking the latest updates and insights on Sprott Focus Trust stock.
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, Inc. (Nasdaq-FUND) has declared a quarterly distribution of $0.1334 per share, payable on September 23, 2022, to stockholders of record by September 12, 2022. The Fund follows a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs). The estimated allocation for the distribution includes 76% return of capital. For 2022, the total distribution has reached $0.4082 per share, with a 6.48% annualized current distribution rate.
Sprott Focus Trust (Nasdaq-FUND) announced a quarterly distribution of $0.1389 per share, payable on June 24, 2022, to stockholders of record by June 13, 2022. The distribution policy includes a 6% annual rate based on rolling average net asset values. The estimated allocation shows $0.0506 (36%) from net investment income, $0.0688 (50%) from net realized short-term gains, and $0.0195 (14%) from net realized long-term gains. The Fund aims for long-term capital growth, investing at least 65% of assets in equity securities.
Sprott Focus Trust has declared a quarterly distribution of $0.1359 per share on its Common Stock, payable on March 25, 2022, to stockholders of record at the close of business on March 14, 2022. This distribution can be received in either cash or additional shares. The Fund maintains a 6% annual distribution policy based on rolling average NAV. Notably, $0.1293 (95%) of the distribution is attributed to net realized long-term gains.
For 2022, the cumulative total return is projected at 0.77%.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.4107 per share on its Common Stock. This distribution is payable on December 23, 2021 to stockholders of record as of December 13, 2021, with an ex-dividend date of December 10, 2021. The Fund maintains a Distribution Policy of quarterly payouts at an annual rate of 6% based on the rolling average of the previous four calendar quarter-end net asset values. The estimated allocation for 2021 includes $0.7563 per share in distributions to date, reflecting various income components.
Sprott Focus Trust, Inc. (Nasdaq-FUND) announced a quarterly distribution of $0.1252 per share on its Common Stock, payable on September 24, 2021. Stockholders of record by September 13, 2021 can opt for cash or additional shares. The Fund follows a 6% annual distribution policy based on the average of the prior four quarter-end net asset values (NAVs). The sources for the upcoming distribution include net investment income, short-term gains, and long-term gains. The Fund emphasizes that distribution amounts are estimates and may vary based on fiscal year performance.
Sprott Focus Trust (Nasdaq: FUND) announced a quarterly distribution of $0.1160 per share, payable on June 25, 2021, to shareholders of record as of June 14, 2021. This distribution can be received in cash or through additional shares at the election of shareholders. The fund maintains a policy of quarterly distributions set at an annual rate of 6% based on the rolling average of the previous four quarters' net asset values (NAV). The distribution is estimated to consist of net investment income, short-term and long-term gains, and return of capital.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.1044 per share on its Common Stock, payable on March 26, 2021, to stockholders of record as of March 15, 2021. The distribution can be received in cash or additional shares. The fund adheres to a 6% annual distribution policy based on the rolling average of the last four calendar quarters' net asset values (NAVs). For the current distribution, net investment income accounts for 23%, short-term gains 6%, and long-term gains 71%. The board retains discretion to change the distribution policy.
Sprott Focus Trust has announced a quarterly dividend of $0.2150 per share, payable on December 23, 2020, to stockholders recorded by December 15, 2020. The dividend can be received in cash or additional shares at the shareholder's choice. The Fund follows a 6% annual distribution policy based on the average of the previous four quarters' net asset values. The fourth-quarter payout will be at least 1.50% of this average or meet IRS minimums. Estimated allocations indicate that 100% of the distribution is return of capital.
The Board of Trustees of Sprott Focus Trust (FUND) has approved a share repurchase program totaling $50 million, aimed at enhancing shareholder value. The program allows for the purchase of up to 5% of its outstanding shares through December 31, 2021. The decision follows an evaluation of market conditions and aims to provide additional liquidity while adapting to economic realities. The repurchases will be conducted at the Advisers' discretion and will be reported in the Fund's annual and semi-annual reports.
Sprott Focus Trust, Inc. (Nasdaq-FUND) announced a quarterly distribution of $0.1070 per share on its Common Stock, payable on September 25, 2020. Stockholders of record will be those on September 15, with an ex-dividend date of September 14. This distribution aligns with a 6% annualized distribution policy based on the rolling average of the previous four quarters' net asset values (NAVs). As of August 31, 2020, the estimated allocations include $0.0453 from net investment income, $0.0093 from short-term gains, and $0.0524 from long-term gains.
FAQ
What is the current stock price of Sprott Focus Trust (FUND)?
What is the market cap of Sprott Focus Trust (FUND)?
What is the primary objective of Sprott Focus Trust, Inc.?
Which sectors does Sprott Focus Trust, Inc. invest in?
What types of securities does Sprott Focus Trust, Inc. invest in?
Who manages Sprott Focus Trust, Inc.?
Where is Sprott Focus Trust, Inc. headquartered?
What stock exchange is Sprott Focus Trust, Inc. listed on?
How does Sprott Focus Trust, Inc. aim to provide capital growth?
What recent projects has Sprott Focus Trust, Inc. undertaken?
How does Sprott Focus Trust, Inc. support its investments?
What products does Sprott Focus Trust, Inc. offer?
