Sprott Focus Trust, Inc. (Nasd

TORONTO, Sept. 01, 2022 (GLOBE NEWSWIRE) — Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or the “FUND”) has declared a quarterly distribution of $0.1334 per share on its common stock . The distribution, possibly payable in additional ordinary shares or in cash by specific election of shareholders, must be paid on September 23, 2022 to shareholders of record at the close of business on September 12, 2022 (ex-dividend on September 9, 2022). The price of the shares issued for reinvestment will be determined on September 16, 2022.

The Fund currently has a distribution policy of paying quarterly distributions on its common shares. Distributions are made at an annual rate of 6% of the moving average of the four previous calendar quarter-end net asset values ​​(“NAVs”), with the fourth quarter distribution being the greater of 1.50% of the moving average or minimum distribution required by IRS regulations. The policy, including the annual rate, may be changed at the discretion of the Fund’s Board of Directors.

The Fund’s estimated sources for the distribution to be paid on September 23, 2022 and for 2022 year-to-date are as follows:

Estimated allocations as of August 31, 2022

Distribution
Per share
Net investment
Revenue
Net realized
Short term gains
Net realized
Long term gains
Principal repayment
FUNDS $0.1334 $0.0195 (15%) $0.0019 (1%) $0.0107 (8%) $0.1013 (76%)

Estimated allocations for 2022 until August 31, 2022

Distribution
Per share
Net investment
Revenue
Net realized
Short term gains
Net realized
Long term gains
Principal repayment
FUNDS $0.4082 $0.0767 (19%) $0.0707 (17%) $0.1595 (39%) $0.1013 (25%)

You should not draw any conclusions about the Fund’s investment performance from the current distribution amount or the terms of the Fund’s distribution policy. The amounts and sources of distributions shown here are estimates only and are not provided for tax reporting purposes. Actual amounts and sources of amounts for tax reporting purposes will depend on the Fund’s investment experience over the remainder of its financial year and may be subject to change as a result of tax regulations. The Fund will send you a Form 1099-DIV for the calendar year which will tell you how to report these distributions for federal income tax purposes.

Information on fund performance and distribution rates

Average annual total
Back (relative to
NAV for 5 year olds
period ending on
08/31/2022)1
Annualized current
Payout rate
(expressed in
NAV percentage
as of 08/31/2022)2
Cumulative Total Return
(compared to the NAV for
exercise up to
08/31/2022)3
Cumulative exercise
Payout rate (as
NAV percentage
as of 08/31/2022)4
FUNDS 8.07% 6.48% -6.16% 4.96%

1 The average annual total return to net asset value represents the compounded average of the annual total returns of the net asset value of the Fund for the five years period ended August 31, 2022. Total annual net asset value return is the percentage change in the fund’s net asset value over one year, assuming reinvestment of distributions paid.

2 The current annualized distribution rate is the annualized current fiscal period distribution rate as a percentage of the net asset value of the Fund at August 312022.

3Cumulative total return is the percentage change in the net asset value of the fund since December 31 2021 at August 312022assuming reinvestment of distributions paid.

4 The cumulative distribution rate for the year is the dollar value of the distributions for the period of the year (January 1 2022 at August 312022), as a percentage of the net asset value of the Fund at August 312022.

About Sprott Focus Trust, Inc.

Sprott Focus Trust, Inc. is a diversified closed-end investment company whose common stock is listed and traded on the Nasdaq Global Select Market. The Fund’s investment objective is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities.

For more information about the Fund, please visit our website at: www.sprottfocustrust.com. An investor should carefully consider the investment objectives, risks, charges and expenses before investing. The Fund is a closed-end fund and closed-end funds do not continually issue shares for sale as open-end mutual funds do. The Fund is traded on the secondary market. Investors wishing to buy or sell shares must place their orders through an intermediary or a broker.

Royal Bank Square | 200 Bay Street | Toronto, Ontario | Canada M5J 2J1 | (203) 636-0977 | www.sprott.com

Contact: Glen Williams
(416) 943-4394

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