Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Second Quarter Common Stock Distribution of $0.1160 Per Share
2021年6月3日 - 6:00AM
Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has
declared a quarterly distribution of $0.1160 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 June 25, 2021 to stockholders of record at the
close of business on June 14, 2021 (ex-dividend on June 11, 2021).
The price of shares issued for reinvestment will be determined on
June 18, 2021.
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 June 25, 2021 and for 2021 year-to-date are as
follows:
Estimated Allocations as of May 31, 2021
|
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
FUND |
$0.1160 |
$ 0.0320 (28%) |
$ 0.0117 (10%) |
$ 0.0723 (62%) |
$ 0.0000 (0%) |
Estimated Allocations for 2021 through May 31,
2021
|
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
FUND |
$0.2204 |
$ 0.0607 (28%) |
$ 0.0223 (10%) |
$ 0.1374 (62%) |
$ 0.0000 (0%) |
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 TotalReturn (in relation toNAV for the 5-yearperiod
ending on5/31/2021)1 |
Annualized CurrentDistribution Rate (expressed as apercentage of
NAV as of 5/31/2021)2 |
Cumulative total return (in relation to NAV forthe fiscal year
through5/31/2021)3 |
Cumulative fiscal yearDistribution Rate (as apercentage of NAV as
of 5/31/2021)4 |
FUND |
13.84% |
4.86% |
19.73% |
2.31% |
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 May
31,
2021. 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 May
31,
2021.3 Cumulative Total
Return is the percentage change in the Fund’s NAV from December 31,
2020 to May 31, 2021, 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, 2021 to May 31, 2021), as a
percentage of the Fund’s NAV as of May 31, 2021.
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 65% of its assets in equity
securities.
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.
Contact:Glen Williams(416) 943-4394
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