Royce Focus Trust, Inc. Declares Second Quarter Dividend on Its 6.00% Cumulative Preferred Stock (NYSE - RFO.pra) NEW YORK, May 24 /PRNewswire-FirstCall/ -- Royce Focus Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on June 23, 2005 to stockholders of record at the close of business on June 6, 2005 (ex-dividend June 2, 2005). The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RFO.pra", is rated 'aaa' by Moody's and has an annual dividend rate of $1.50 per share. A portion of the distribution will be treated as long-term capital gains. Long-term capital gains will be allocated pro-rata to all distributions for the year. The final determination of the source of all distributions in 2005 will be made at the end of the year. Royce Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (Nasdaq - FUND) and whose shares of Preferred Stock are listed and traded on the New York Stock Exchange (RFO.pra). 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 Royce Funds(sm), please visit our web site at: http://www.roycefunds.com/. DATASOURCE: Royce Focus Trust, Inc. CONTACT: John D. Diederich of Royce Focus Trust, Inc., +1-212-355-7311 Web site: http://www.roycefunds.com/

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