Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.1163 Per Share

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TORONTO, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1163 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 27, 2019 to stockholders of record at the close of business on December 13, 2019 (ex-dividend on December 12, 2019).  The price of shares issued for reinvestment will be determined on December 20, 2019.

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 27, 2019 and for 2019 year-to-date are as follows:

Estimated Allocations as of November 29, 2019

Estimated Allocations for 2019 through November 29, 2019

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.

Contact:Glen Williams(416) 943-4394

More news and information about Sprott Focus Trust, Inc.

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Globe Newswire: 21:15 GMT Tuesday 3rd December 2019

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