Welcome to our dedicated page for Sprott Focus Trust news (Ticker: FUND), a resource for investors and traders seeking the latest updates and insights on Sprott Focus Trust stock.
Sprott Focus Trust, Inc. (Nasdaq: FUND) is a closed-end diversified management investment company whose shares trade on the Nasdaq Global Select Market. The fund’s stated objective is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities. For news-focused readers, FUND generates a consistent flow of announcements centered on its quarterly distribution policy and related performance metrics.
News releases for Sprott Focus Trust frequently cover quarterly common stock distributions, including the per-share amount, payment and record dates, and whether distributions are payable in additional shares of common stock or in cash at the stockholder’s election. Each announcement typically details the fund’s adopted distribution policy, which is described as paying quarterly distributions at an annual rate of 6% of the rolling average of the prior four calendar quarter-end NAVs, with a specific rule for the fourth quarter distribution. The fund also reminds investors that this policy, including the annual rate, may be changed by the board of directors.
Alongside distribution declarations, FUND news items provide estimated sources of distributions, breaking down each payment into net investment income, net realized short-term gains, net realized long-term gains and return of capital, both for the current distribution and on a year-to-date basis. These releases also present NAV-based performance data such as average annual total return over five years, the annualized current distribution rate, cumulative total return for the fiscal year-to-date and the cumulative fiscal year distribution rate.
Investors following FUND news can use this page to review the fund’s history of distribution announcements, understand how each payment is characterized, and see how distribution rates relate to NAV-based performance measures. Regular updates make this news feed a useful reference for tracking the fund’s ongoing communication with stockholders about distributions and related metrics.
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Sprott Focus Trust (Nasdaq-FUND) has announced a quarterly distribution of $0.1254 per share, payable on March 24, 2023 to stockholders on record by March 13, 2023. This distribution can be received in cash or additional shares. The Fund maintains a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on rolling average NAVs. The current distribution breakdown includes net investment income of $0.0265, short-term gains of $0.0292, long-term gains of $0.0347, and return of capital of $0.0350. The estimated annualized distribution rate as of February 28, 2023 is 5.58%.
Sprott Focus Trust (Nasdaq-FUND) announced a quarterly distribution of $0.1276 per share on its Common Stock, payable on December 22, 2022, to stockholders of record by December 12, 2022. The distribution policy entails a quarterly payment at an annual rate of 6% based on a rolling average of the previous four quarters' net asset values (NAVs). The fourth quarter distribution will be the greater of 1.50% or the minimum IRS-required distribution. The Fund’s sources for this distribution include a 100% return of capital for the current distribution.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has declared a quarterly distribution of $0.1334 per share, payable on September 23, 2022, to stockholders of record by September 12, 2022. The Fund follows a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs). The estimated allocation for the distribution includes 76% return of capital. For 2022, the total distribution has reached $0.4082 per share, with a 6.48% annualized current distribution rate.
Sprott Focus Trust (Nasdaq-FUND) announced a quarterly distribution of $0.1389 per share, payable on June 24, 2022, to stockholders of record by June 13, 2022. The distribution policy includes a 6% annual rate based on rolling average net asset values. The estimated allocation shows $0.0506 (36%) from net investment income, $0.0688 (50%) from net realized short-term gains, and $0.0195 (14%) from net realized long-term gains. The Fund aims for long-term capital growth, investing at least 65% of assets in equity securities.
Sprott Focus Trust has declared a quarterly distribution of $0.1359 per share on its Common Stock, payable on March 25, 2022, to stockholders of record at the close of business on March 14, 2022. This distribution can be received in either cash or additional shares. The Fund maintains a 6% annual distribution policy based on rolling average NAV. Notably, $0.1293 (95%) of the distribution is attributed to net realized long-term gains.
For 2022, the cumulative total return is projected at 0.77%.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.4107 per share on its Common Stock. This distribution is payable on December 23, 2021 to stockholders of record as of December 13, 2021, with an ex-dividend date of December 10, 2021. The Fund maintains a Distribution Policy of quarterly payouts at an annual rate of 6% based on the rolling average of the previous four calendar quarter-end net asset values. The estimated allocation for 2021 includes $0.7563 per share in distributions to date, reflecting various income components.
Sprott Focus Trust, Inc. (Nasdaq-FUND) announced a quarterly distribution of $0.1252 per share on its Common Stock, payable on September 24, 2021. Stockholders of record by September 13, 2021 can opt for cash or additional shares. The Fund follows a 6% annual distribution policy based on the average of the prior four quarter-end net asset values (NAVs). The sources for the upcoming distribution include net investment income, short-term gains, and long-term gains. The Fund emphasizes that distribution amounts are estimates and may vary based on fiscal year performance.
Sprott Focus Trust (Nasdaq: FUND) announced a quarterly distribution of $0.1160 per share, payable on June 25, 2021, to shareholders of record as of June 14, 2021. This distribution can be received in cash or through additional shares at the election of shareholders. The fund maintains a policy of quarterly distributions set at an annual rate of 6% based on the rolling average of the previous four quarters' net asset values (NAV). The distribution is estimated to consist of net investment income, short-term and long-term gains, and return of capital.
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