Sprott Focus Trust Distributions

 

Distributions

RECORD DATE EX-DATE PAYABLE DATE INCOME ($) SHORT TERM GAINS ($) LONG TERM GAINS ($) RETURN OF CAPITAL ($) TOTAL ($) REINVEST PRICE ($)
6/15/2020 6/12/2020 6/26/2020 0.0591 0.0057 0.0445 0.0000 0.1093 5.86
3/13/2020 3/12/2020 3/27/2020 0.0816 0.0021 0.0322 0.0000 0.1159 4.33
12/13/2019 12/12/2019 12/27/2019 0.0090 0.0000 0.1073 0.0000 0.1163 7.23
9/16/2019 9/13/2019 9/27/2019 0.0328 0.0000 0.0793 0.0000 0.1121 6.93
6/14/2019 6/13/2019 6/28/2019 0.0397 0.0000 0.0760 0.0000 0.1157 6.54
3/15/2019 3/14/2019 3/29/2019 0.0411 0.0000 0.0000 0.0785 0.1196 6.77
12/14/2018 12/13/2018 12/28/2018 0.0145 0.0000 0.2874 0.0000 0.3019 5.54
9/14/2018 9/13/2018 9/28/2018 0.0716 0.0046 0.0528 0.0000 0.129 7.45
6/15/2018 6/14/2018 6/28/2018 0.0959 0.0015 0.0316 0.0000 0.129 7.95
3/15/2018 3/14/2018 3/28/2018 0.1330 -0.0004 -0.0036 0.0000 0.129 7.96
12/15/2017 12/14/2017 12/28/2017 0.0006 0.0000 0.2217 0.0000 0.2223 7.86
9/15/2017 9/13/2017 9/26/2017 0.0451 0.0076 0.0473 0.0000 0.1000 7.59
6/15/2017 6/13/2017 6/28/2017 0.0575 0.0074 0.0352 0.0000 0.1001 7.31
3/15/2017 3/13/2017 3/28/2017 0.0902 0.0028 0.0066 0.0003 0.1000 7.32
12/15/2016 12/13/2016 12/28/2016 0.0125 0.0000 0.1075 0.0000 0.1200 6.97
9/15/2016 9/19/2016 9/26/2016 0.0394 0.0092 0.0414 0.0000 0.0900 6.95
6/14/2016 6/10/2016 6/28/2016 0.0462 0.0000 0.0000 0.0438 0.0900 6.37
3/15/2016 3/11/2016 3/28/2016 0.0558 0.0000 0.0000 0.0442 0.1000 6.06
12/15/2015 12/11/2015 12/28/2015 0.0109 0.0000 0.1091 0.0000 0.1200 5.73
9/15/2015 9/11/2015 9/28/2015 0.0246 0.0083 0.0671 0.0000 0.1000 6.03
6/16/2015 6/12/2015 6/29/2015 0.0353 0.0088 0.0659 0.0000 0.1100 7.35
5/15/2015 5/13/2015 5/28/2015 0.0271 0.0071 0.0758 0.0000 0.1100 7.59
12/15/2014 12/11/2014 12/26/2014 0.0197 0.0016 0.0887 0.0000 0.1100 7.41
9/15/2014 9/11/2014 9/26/2014 0.0197 0.0016 0.0887 0.0000 0.1100 8.00
6/16/2014 6/12/2014 6/27/2014 0.0179 0.0014 0.0807 0.0000 0.1000 8.42
3/13/2014 3/11/2014 3/25/2014 0.0179 0.0014 0.0807 0.0000 0.1000 7.90

Distribution Reinvestment and Cash Purchase Plan (“DRIP”) for Common Stockholders of Sprott Focus Trust, Inc.

PDF VERSION

The following is a brief overview of the DRIP program for Sprott Focus Trust, Inc. ("Fund"). For complete details, please contact Computershare the plan agent administering the DRIP Program, by clicking this link www.computershare.com/investor or call: Within the U.S., U.S. territories and Canada 800.426.5523 or Outside the U.S., U.S. territories and Canada 781.575.2879.

Registered Common Stockholders of the Fund automatically participate in its Distribution Reinvestment and Cash Purchase Plans, which allows participants to reinvest their dividend and capital gains distributions and to make optional cash purchases of shares directly through Equiserve, the Fund’s Plan Agent, on a quarterly basis. The DRIP also allows stockholders to deposit certificates representing their shares with Computershare for safekeeping.

Computershare maintains the accounts for registered stockholders who participate in the Plan and sends written confirmation of all transactions in an account. Computershare will also hold shares in each participant’s account in non-certificated form in the participant’s name; each participant will be able to vote these shares at a stockholder meeting or by proxy. A participant may also send other stock certificates that they hold to Computershare to be held in non-certificated form. If a nominee is the registered owner of your shares, the nominee will maintain the accounts on your behalf.

There is no service fee charged to participants for reinvesting distributions. Plan participants are subject to a service fee of $0.75 and $2.50 for each voluntary cash purchase and sale, respectively. Although the Plan permits the assessment of per share fees of $0.05 and $0.15 in connection with voluntary purchases and sales, respectively, Sprott, the Fund’s investment advisor, is absorbing such per share fees through December 31, 2020. No assurance can be given that Sprott will continue to absorb such per share fees after that date. Per share fees include any brokerage commissions Computershare is required to pay.

                                   

1 Average Market Cap is a  weighted calculation that uses each portfolio holding’s market cap in a way designed to not skew the effect of very large or small holdings; instead, it aims to better identify the portfolio’s center, which Sprott believes offers a more accurate measure of average market cap than a simple mean or median.
2 Since Inception (SI) date is 11/11/1996. FUND was formerly Royce Focus Trust, from its inception to March 8, 2015 and was managed by Royce & Associaties, LLC. Effective March 9, 2015, Royce Focus Trust became Sprott Focus Trust.  
3 These returns are not annualized.
4 The Price-Earnings, or P/E, Ratio is calculated by dividing a company’s share price by its trailing 12-month earnings-per-share (EPS). The Fund’s P/E Ratio calculation excludes companies with zero or negative earnings (19.5% of portfolio holdings as of 6/30/2020).
5 The Price-to-Book, or P/B, Ratio is calculated by dividing a company’s share price by its book value per share. This weighted calculation evaluates a portfolio as if it were a single stock and measures it overall. It compares the total market value of the portfolio to the portfolio’s share in the earnings or book value, as the case may be, of its underlying stocks.
6 Return on Invested Capital (ROIC) is calculated by dividing the estimated net profit by the sum of the estimated shareholder equity and total debt of the security.
7 Leverage is calculated by dividing the estimated Total Assets by Total Equity of a security.

The performance data quoted represents past performance. Past performance is no guarantee of future results. The investment return and the principal value of an investment will fluctuate, and shares, if redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Sprott Focus Trust, Inc. (the “Fund”) is a closed-end investment company whose shares of common stock trade on the Nasdaq Select Market. Closed-end funds, unlike open-end funds, are not continuously offered. After the initial public offering, shares of closed-end funds are sold on the open market through a stock exchange. For additional information, contact your financial advisor or call 1.203.656.2430. Investment policies, management fees and other matters of interest to prospective investors may be found in the Fund’s prospectus and shareholder reports.

The Fund is a closed-end registered investment company whose shares of common stock may trade at a discount to their net asset value. Shares of the Fund’s common stock are also subject to the market risks of investing in the underlying portfolio securities held by the Fund.

Russell Investment Group is the source and owner of the trademarks, service marks, and copyrights related to the Russell Indexes. Russell® is a trademark of Russell Investment Group. The Russell 3000 Total Return Index measures the performance of the largest 3,000 U.S. companies. The performance of an index does not represent exactly any particular investment, as you cannot invest directly in an index.

Sector weightings are determined using the Global Industry Classification Standard (“GICS”). GICS was developed by, and is the exclusive property of, Standard & Poor’s Financial Services LLC (“S&P”) and MSCI Inc. (“MSCI”). GICS is the trademark of S&P and MSCI. “Global Industry Classification Standard (GICS)” and “GICS Direct” are service marks of S&P and MSCI.

NOT FDIC INSURED • MAY LOSE VALUE • NOT BANK GUARANTEED

Sprott Asset Management LP is the investment manager to the Fund. The information contained herein does not constitute an offer or solicitation by anyone in the United States or in any other jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Prospective investors who are not resident in Canada or the United States should contact their financial advisor to determine whether securities of the Fund may be lawfully sold in their jurisdiction.

© 2020 Sprott Inc. All rights reserved.

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