Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Third Quarter Common Stock Distribution of $0.1301 Per Share
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.1301 per share on its Common Stock, payable on September 30, 2024. The distribution can be received in additional shares or cash. The Fund follows a Distribution Policy of paying quarterly distributions at an annual rate of 6% of the rolling average of the prior four quarter-end NAVs. For the current distribution, 44.27% comes from Net Investment Income, 3.23% from Net Realized Long-Term Gains, and 52.50% from Return of Capital. The Fund's 5-year Average Annual Total Return is 11.78%, with a Current Distribution Rate of 1.46%. The Cumulative Total Return for the fiscal year through August 31, 2024, is 3.78%.
Sprott Focus Trust, Inc. (Nasdaq-FUND) ha annunciato una distribuzione trimestrale di $0.1301 per azione sul suo capitale comune, pagabile il 30 settembre 2024. La distribuzione può essere ricevuta in azioni aggiuntive o in contanti. Il Fondo segue una Politica di Distribuzione che prevede pagamenti trimestrali a un tasso annuo del 6% della media mobile dei NAV di fine trimestre precedenti. Per la distribuzione attuale, il 44,27% proviene dal Reddito da Investimenti Netto, il 3,23% da Guadagni Realizzati a Lungo Termine e il 52,50% da Restituzione di Capitale. Il Rendimento Totale Medio Annuale a 5 anni del Fondo è dell'11,78%, con un Tasso di Distribuzione Attuale dell'1,46%. Il Rendimento Totale Cumulativo per l'esercizio fiscale fino al 31 agosto 2024 è del 3,78%.
Sprott Focus Trust, Inc. (Nasdaq-FUND) ha anunciado una distribución trimestral de $0.1301 por acción sobre su Acción Común, pagadera el 30 de septiembre de 2024. La distribución puede recibirse en acciones adicionales o en efectivo. El Fondo sigue una Política de Distribución que paga distribuciones trimestrales a un tasa anual del 6% del promedio móvil de los NAV finales de los cuatro trimestres anteriores. Para la distribución actual, el 44,27% proviene de Ingresos Netos por Inversión, el 3,23% de Ganancias Realizadas a Largo Plazo y el 52,50% de Devolución de Capital. El Rendimiento Total Anual Promedio a 5 años del Fondo es del 11,78%, con una Tasa de Distribución Actual del 1,46%. El Rendimiento Total Acumulado para el año fiscal hasta el 31 de agosto de 2024 es del 3,78%.
Sprott Focus Trust, Inc. (Nasdaq-FUND)는 주당 $0.1301의 분기 배당금을 발표했으며, 2024년 9월 30일에 지급될 예정입니다. 배당금은 추가 주식 또는 현금으로 받을 수 있습니다. 이 기금은 이전 4분기 말 NAV의 이동 평균을 기준으로 연간 6%의 분배 정책을 따릅니다. 현재 분배에서 44.27%는 순투자 수익에서 발생합니다, 3.23%는 순 실현 장기 이익에서, 52.50%는 자본 환급에서 발생합니다. 이 기금의 5년 평균 연간 총 수익률은 11.78%이며, 현재 분배율은 1.46%입니다. 2024년 8월 31일까지의 회계 연도 누적 총 수익률은 3.78%입니다.
Sprott Focus Trust, Inc. (Nasdaq-FUND) a annoncé une distributions trimestrielle de 0,1301 $ par action sur ses actions ordinaires, payable le 30 septembre 2024. La distribution peut être reçue en actions supplémentaires ou en espèces. Le Fonds suit une Politique de Distribution consistant à verser des distributions trimestrielles à un taux annuel de 6% de la moyenne mobile des NAV de fin de trimestre des quatre trimestres précédents. Pour la distribution actuelle, 44,27% provient des Revenus Nets d'Investissement, 3,23% des Gains Réalisés à Long Terme et 52,50% du Remboursement de Capital. Le Rendement Total Annuel Moyen à 5 ans du Fonds est de 11,78%, avec un Taux de Distribution Actuel de 1,46%. Le Rendement Total Cumulé pour l'année fiscale jusqu'au 31 août 2024 est de 3,78%.
Sprott Focus Trust, Inc. (Nasdaq-FUND) hat eine vierteljährliche Ausschüttung von $0,1301 pro Aktie bekannt gegeben, die am 30. September 2024 zahlbar ist. Die Ausschüttung kann entweder in zusätzlichen Aktien oder in bar erhalten werden. Der Fonds folgt einer Ausschüttungspolitik, die vierteljährliche Ausschüttungen zu einem jährlichen Satz von 6% des gleitenden Durchschnitts der NAVs der letzten vier Quartale zahlt. Für die aktuelle Ausschüttung stammen 44,27% aus Nettoanlageerträgen, 3,23% aus realisierten langfristigen Gewinnen und 52,50% aus Kapitalrückzahlungen. Der 5-Jahres-Durchschnitt der jährlichen Gesamtrendite des Fonds beträgt 11,78%, mit einem aktuellen Ausschüttungssatz von 1,46%. Die kumulierte Gesamtrendite für das Geschäftsjahr bis zum 31. August 2024 beträgt 3,78%.
- Quarterly distribution of $0.1301 per share declared
- 5-year Average Annual Total Return of 11.78%
- Cumulative Total Return for the fiscal year of 3.78%
- 52.50% of the current distribution comes from Return of Capital
- Annualized Current Distribution Rate of 1.46% is relatively low
Insights
The $0.1301 per share quarterly distribution by Sprott Focus Trust is in line with its stated policy of 6% annual distribution based on rolling average NAV. This consistency is generally viewed positively by income-seeking investors. However, it's important to note that
The fund's 5-year average annual total return of
The tax implications of this distribution are significant. With only
Year-to-date figures show a more balanced allocation, with
TORONTO, Sept. 04, 2024 (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 30, 2024 and for 2024 year-to-date are as follows:
Estimated Allocations as of August 31, 2024
| Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
| FUND | ||||||
Estimated Allocations for 2024 through August 31, 2024
| 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 08/31/2024)1 | Annualized Current Distribution Rate (expressed as a percentage of NAV as of 08/31/2024)2 | Cumulative total return (in relation to NAV for the fiscal year through 08/31/2024)3 | Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 08/31/2024)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, 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 August 31, 2024.
3 Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 to August 31, 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 August 31, 2024), as a percentage of the Fund’s NAV as of August 31, 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
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 the quarterly distribution amount for Sprott Focus Trust (FUND) in Q3 2024?
When is the ex-dividend date for Sprott Focus Trust's (FUND) Q3 2024 distribution?
What is Sprott Focus Trust's (FUND) 5-year Average Annual Total Return as of August 31, 2024?
What percentage of Sprott Focus Trust's (FUND) current distribution comes from Return of Capital?
