CORRECTION: Sprott Focus Trust, Inc.

World News: . []

TORONTO, Dec. 06, 2018 (GLOBE NEWSWIRE) -- In the news release “Sprott Focus Trust (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.129 Per Share” issued on December 4, we are advised by the company that the estimated allocation tables as of November 30, 2018 and for 2018 through November 30, 2018 have both been updated. Complete corrected text follows.

Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.3019 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 28, 2018 to stockholders of record at the close of business on December 14, 2018 (ex-dividend on December 13, 2018).  The price of shares issued for reinvestment will be determined on December 21, 2018.

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 28, 2018 and for 2018 year-to-date are as follows:

Estimated Allocations as of November 30, 2018

Estimated Allocations for 2018 through November 30, 2018

 

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: . 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 |

Contact:     Glen Williams                  (416) 943-4394

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Globe Newswire: 20:52 GMT Thursday 6th December 2018

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