Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.1070 Per Share
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.
- Quarterly distribution announced at $0.1070 per share.
- Distribution policy set at an annual rate of 6% based on NAV.
- Strong allocation from net investment income at 42%.
- Cumulative total return for the fiscal year is down 6.62%.
- Only 0% return of capital reported for distributions.
TORONTO, Sept. 02, 2020 (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 25, 2020 and for 2020 year-to-date are as follows:
Estimated Allocations as of August 31, 2020
| Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | ||||||
Estimated Allocations for 2020 through August 31, 2020
| 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 8/31/2020)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 8/31/2020)2 | Cumulative total return (in relation to NAV for the fiscal year through 8/31/2020)3 | Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 8/31/2020)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 August 31, 2020. 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, 2020.
3 Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2019 to August 31, 2020, 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, 2020 to August 31, 2020) as a percentage of the Fund’s NAV as of August 31, 2020.
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.
| Contact: | Glen Williams |
| (416) 943-4394 |
FAQ
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