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Sprott Focus Trust, Inc. issues recurring updates on quarterly common stock distributions for its closed-end diversified management investment company. The Fund's common stock trades on the Nasdaq Global Select Market, and its investment goal is long-term capital growth through a portfolio normally invested at least 65% in equity securities.
Company news commonly covers the Fund's distribution policy, including NAV-based payout calculations, cash or stock election features, record and payment timing, reinvestment pricing, and estimated distribution sources such as net investment income, realized gains, and return of capital.
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.
Sprott Focus Trust, Inc. (Nasdaq-FUND) has announced a quarterly distribution of $0.1044 per share on its Common Stock, payable on March 26, 2021, to stockholders of record as of March 15, 2021. The distribution can be received in cash or additional shares. The fund adheres to a 6% annual distribution policy based on the rolling average of the last four calendar quarters' net asset values (NAVs). For the current distribution, net investment income accounts for 23%, short-term gains 6%, and long-term gains 71%. The board retains discretion to change the distribution policy.
Sprott Focus Trust has announced a quarterly dividend of $0.2150 per share, payable on December 23, 2020, to stockholders recorded by December 15, 2020. The dividend can be received in cash or additional shares at the shareholder's choice. The Fund follows a 6% annual distribution policy based on the average of the previous four quarters' net asset values. The fourth-quarter payout will be at least 1.50% of this average or meet IRS minimums. Estimated allocations indicate that 100% of the distribution is return of capital.
The Board of Trustees of Sprott Focus Trust (FUND) has approved a share repurchase program totaling $50 million, aimed at enhancing shareholder value. The program allows for the purchase of up to 5% of its outstanding shares through December 31, 2021. The decision follows an evaluation of market conditions and aims to provide additional liquidity while adapting to economic realities. The repurchases will be conducted at the Advisers' discretion and will be reported in the Fund's annual and semi-annual reports.
Sprott Focus Trust, Inc. (Nasdaq-FUND) announced a quarterly distribution of $0.1070 per share on its Common Stock, payable on September 25, 2020. Stockholders of record will be those on September 15, with an ex-dividend date of September 14. This distribution aligns with a 6% annualized distribution policy based on the rolling average of the previous four quarters' net asset values (NAVs). As of August 31, 2020, the estimated allocations include $0.0453 from net investment income, $0.0093 from short-term gains, and $0.0524 from long-term gains.