Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.4107 Per Share
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.
- Quarterly distribution of $0.4107 per share demonstrates a commitment to returning value to shareholders.
- Annualized current distribution rate of 18.11% based on NAV as of November 30, 2021 indicates strong performance.
- Estimated distribution allocations highlight a diverse source of income, including short-term and long-term gains.
- Net investment income estimated at $0.0000 suggests reliance on realized gains rather than ongoing income.
- Potential volatility in future distributions due to changes in investment performance and tax regulations.
TORONTO, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of
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
The Fund’s estimated sources of the distribution to be paid on December 23, 2021 and for 2021 year-to-date are as follows:
Estimated Allocations as of November 30, 2021
| Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | ||||||
Estimated Allocations for 2021 through November 30, 2021
| Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | ||||||
You should not draw any conclusions about the Fund’s investment performance from the amount of the current distribution or from the terms of the Fund’s Distribution Policy. The amounts and sources of distributions reported herein are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information
| Average Annual Total Return (in relation to NAV for the 5-year period ending on 11/30/2021)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 11/30/2021)2 | Cumulative total return (in relation to NAV for the fiscal year through 11/30/2021)3 | Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 11/30/2021)4 | |
| FUND |
1 Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five year period ended November 30, 2021. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
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, 2021.
3 Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2020 to November 30, 2021, 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, 2021 to November 30, 2021), as a percentage of the Fund’s NAV as of November 30, 2021.
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
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.
Royal Bank Plaza | 200 Bay Street | Toronto, Ontario | Canada M5J 2J1 | (416) 943-6707 | www.sprott.com
| Contact: | Glen Williams |
| (416) 943-4394 |
FAQ
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