Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.1252 Per Share
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.
- Quarterly distribution of $0.1252 per share, reflecting a commitment to returning capital to shareholders.
- Annual distribution policy set at 6% of rolling average NAVs, indicating a structured and predictable return model.
- Diverse sources for distributions including net investment income and realized gains, showcasing potential financial stability.
- The amounts and sources of distributions are estimates, which may lead to uncertainty in actual returns.
- Dependence on market performance for actual tax reporting purposes may indicate vulnerability to market fluctuations.
TORONTO, Sept. 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 September 24, 2021 and for 2021 year-to-date are as follows:
Estimated Allocations as of August 31, 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 August 31, 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 8/31/2021)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2021)2 | Cumulative total return (in relation to NAV for the fiscal year through 8/31/2021)3 | Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 8/31/2021)4 | |||||
| FUND | 11.04 | % | 5.45 | % | 16.84 | % | 3.76 | % |
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 August 31, 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 August 31, 2021.
3 Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2020 to August 31, 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 August 31, 2021), as a percentage of the Fund’s NAV as of August 31, 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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