Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.2161 Per Share

Rhea-AI Summary

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.

Positive

• Strong 5-year average annual total return of 11.59%
• Solid fiscal year-to-date return of 10.74%
• Consistent quarterly dividend distribution policy
• No return of capital in distributions, indicating sustainable payout

Negative

• Current distribution rate of 2.30% is relatively low compared to the annual target of 6%

Insights

Financial Analyst

The quarterly distribution of $0.2161 per share represents a significant payout from FUND's capital gains, with 100% coming from long-term gains. The fund's distribution policy targeting 6% annual rate based on rolling average NAV provides consistent income to shareholders. Year-to-date distributions show a healthy mix of income sources, with 35.52% from net investment income and 59.30% from long-term gains.

The fund's performance metrics are robust, with an impressive 11.59% 5-year average annual total return and a 10.74% YTD return through November. The current annualized distribution rate of 2.30% and cumulative fiscal year distribution rate of 6.45% indicate strong distribution coverage and sustainability. This distribution aligns with both regulatory requirements and shareholder income objectives.

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%)

Estimated Allocations for 2024 through November 30, 2024

	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%)

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 11/30/2024)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	%

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, 2024. 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, 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

FAQ

What is Sprott Focus Trust's (FUND) Q4 2024 dividend amount?

Sprott Focus Trust (FUND) declared a quarterly distribution of $0.2161 per share for Q4 2024, payable on December 30, 2024.

What is FUND's distribution payment date and record date for Q4 2024?

The distribution will be paid on December 30, 2024, to stockholders of record at the close of business on December 13, 2024.

What is Sprott Focus Trust's (FUND) 5-year average annual return as of November 2024?

FUND reported an average annual total return of 11.59% in relation to NAV for the 5-year period ending on November 30, 2024.

How are FUND's 2024 distributions allocated through November 30?

The distributions consisted of 35.52% from net investment income, 5.18% from short-term gains, and 59.30% from long-term gains, with no return of capital.