Sprott Focus Trust, Inc. Declares Quarterly Distribution, Payable on March 28, 2017
March 07, 2017 at 02:40 am IST
Share
Sprott Focus Trust, Inc. has declared a quarterly distribution of $0.10 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 March 28, 2017 to stockholders of record at the close of business on March 15, 2017 (ex-dividend on March 13, 2017). 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 5% of the rolling average of the prior four calendar quarter-end net asset values, with the fourth quarter distribution being the greater of 1.25% 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.
Sprott Focus Trust, Inc. (the Fund) is a Canada-based diversified closed-end investment company. The Fund's primary investment objective is long-term capital growth. The Fund normally invests at least 65% of its assets in equity securities. The Fund may invest up to 35% of its assets in direct obligations of the United States Government or its agencies and in the non-convertible preferred stocks and debt securities of domestic and foreign companies. The Fund invests a portion of its assets in securities of foreign issuers. The Fund invests in small-cap companies with significant business activities in the United States. The Fund invests in various sectors, including materials, financial services, energy, real estate, consumer discretionary, technology, industrials, consumer staples, and cash and cash equivalents. The Fund's investment adviser is Sprott Asset Management LP. The Fund's sub-adviser is Sprott Asset Management USA Inc.
SPROTT FOCUS TRUST, INC. 
