Sprott Focus Trust, Inc. (Nasdaq-FUND) Declares Fourth Quarter Common Stock Distribution of $0.1911 Per Share

Rhea-AI Summary

Sprott Focus Trust (Nasdaq:FUND) declared a quarterly common stock distribution of $0.1911 per share, payable December 29, 2025 to holders of record at the close of business on December 12, 2025 (ex-dividend December 12, 2025). Shareholders may elect cash or additional shares; reinvestment share price will be set on December 19, 2025.

The Fund maintains a Distribution Policy that targets an annual rate of 6% of the rolling average of the prior four quarter-end NAVs; the fourth quarter distribution is the greater of 1.50% of the rolling average or the IRS minimum. The Fund reports this quarter's distribution as 100% return of capital (estimate).

Positive

• Declared quarterly distribution of $0.1911 per share payable Dec 29, 2025
• Shareholders may elect cash or reinvestment; reinvest price set on Dec 19, 2025
• Fund policy targets 6% annual rate on rolling four-quarter average NAV
• 5-year average annual NAV total return of 12.49% (through 11/30/2025)

Negative

• Fourth-quarter distribution is estimated as 100% return of capital
• Distributions and source amounts are estimates and not final tax figures
• Annualized current distribution rate of 7.97% of NAV may reflect payout pressure

News Market Reaction

+1.88%

1 alert

+1.88% News Effect

On the day this news was published, FUND gained 1.88%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Q4 2025 distribution: $0.1911 per share Distribution policy rate: 6% Q4 source allocation: 100.00% long-term gains +5 more

8 metrics

Q4 2025 distribution $0.1911 per share Payable December 29, 2025 on common stock

Distribution policy rate 6% Annual rate of rolling average of prior four quarter-end NAVs

Q4 source allocation 100.00% long-term gains Estimated source of $0.1911 distribution as of November 30, 2025

2025 YTD distributions $0.5770 per share Total distributions through November 30, 2025

2025 YTD long-term gains $0.3460 (59.96%) Portion of 2025 YTD distributions from net realized long-term gains

5-year avg total return 12.49% Average annual total return in relation to NAV, 5 years ending 11/30/2025

Annualized current distribution rate 7.97% Expressed as percentage of NAV as of 11/30/2025

2025 cumulative total return 20.63% Cumulative total return in relation to NAV fiscal year through 11/30/2025

Market Reality Check

Price: $9.51 Vol: Volume 46,346 is 2.18x th...

high vol

$9.51 Last Close

Volume Volume 46,346 is 2.18x the 20-day average of 21,262, indicating elevated pre-news activity. high

Technical Shares at $8.91 are trading above the 200-day MA of $7.75 and sit near the 52-week high of $8.82.

Peers on Argus

Peer closed-end funds show mixed, modest moves (e.g., ACV +0.15%, RIV +0.34%, AE...

Peer closed-end funds show mixed, modest moves (e.g., ACV +0.15%, RIV +0.34%, AEF -0.29%, SABA -0.69%), suggesting FUND’s action is more stock-specific than sector-driven.

Historical Context

2 past events · Latest: Dec 02 (Neutral)

Pattern 2 events

Date	Event	Sentiment	Move	Catalyst
Dec 02	Distribution declaration	Neutral	+1.9%	Announced Q4 2025 distribution of $0.1911 per common share.
Sep 03	Distribution declaration	Neutral	+0.4%	Declared Q3 2025 distribution of $0.1274 per share with performance data.

Pattern Detected

Recent distribution declarations have coincided with mild positive price reactions, suggesting income announcements have been absorbed constructively.

Recent Company History

Over recent months, Sprott Focus Trust announced recurring quarterly distributions, including a Q3 2025 payout of $0.1274 per share and now a Q4 2025 distribution of $0.1911 per share. These follow a policy targeting 6% of rolling four-quarter-end NAVs. Both prior announcements saw modest positive next-day moves of 0.36% and 1.88%, indicating income-focused news has aligned with gradually constructive trading behavior ahead of this release.

Market Pulse Summary

This announcement details a Q4 2025 distribution of $0.1911 per share within a policy targeting 6% o...

Analysis

This announcement details a Q4 2025 distribution of $0.1911 per share within a policy targeting 6% of rolling four-quarter-end NAVs, alongside performance data such as a 12.49% 5-year average annual total return and 20.63% fiscal-year NAV gain. It clarifies that current source estimates, including long-term gains, are not final for tax purposes. Investors may monitor future distribution notices, NAV trends, and updated tax classifications via Form 1099-DIV.

Key Terms

net asset values, nav, return of capital, net investment income

4 terms

net asset values financial

"annual rate of 6% of the rolling average of the prior four calendar quarter-end net asset values"

Net asset values (NAV) measure how much each share of an investment fund is worth by subtracting what the fund owes from what it owns and dividing the remainder by the number of shares. Think of it like a household’s net worth split among family members. Investors use NAV to see a fund’s current value per share, to track performance over time, and as the price for buying or selling shares in many pooled investments.

nav financial

"Average Annual Total Return (in relation to NAV for the 5-year period ending on 11/30/2025)"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

return of capital financial

"Net Realized Long-Term Gains | Return of Capital"

Return of capital is when an investor receives money from their investment that is not considered profit or earnings but rather a portion of the original amount they invested. It’s similar to getting back part of your initial savings rather than gains from it. This matters because it can affect how much money an investor still has in the investment and may have tax implications.

net investment income financial

"Distribution Per Share | Net Investment Income | Net Realized Short-Term Gains"

Net investment income is the money an investor or fund actually keeps from its investments after subtracting the costs of running those investments (like management fees, interest, and losses). Think of it as your paycheck from owning assets: gross returns minus the bills needed to earn them. Investors watch it because it shows how profitable the investment activities are, influences dividend payouts and cash available for growth, and helps compare true performance across funds or companies.

AI-generated analysis. Not financial advice.

TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1911 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 December 29, 2025 to stockholders of record at the close of business on December 12, 2025 (ex-dividend on December 12, 2025). The price of shares issued for reinvestment will be determined on December 19, 2025.

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 December 29, 2025 and for 2025 year-to-date are as follows:

Estimated Allocations as of November 30, 2025

	Distribution Per Share		Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
FUND	$ 0.1911		$ 0.0000 (0.00%)	$ 0.0000 (0.00%)	$ 0.1911 (100.00%)	$ 0.0000 (0.00%)

Estimated Allocations for 2025 through November 30, 2025

	Distribution Per Share		Net Investment Income	Net Realized Short-Term Gains	Net Realized Long-Term Gains	Return of Capital
FUND	$0.5770		$ 0.2249 (38.98%)	$ 0.0061 (1.06%)	$ 0.3460 (59.96%)	$ 0.0000 (0.00%)

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 Total Return (in relation to NAV for the 5-year period ending on 11/30/2025)1		Annualized Current Distribution Rate (expressed as a percentage of NAV as of 11/30/2025)2		Cumulative total return (in relation to NAV for the fiscal year through 11/30/2025)3		Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 11/30/2025)4
FUND	12.49%		7.97%		20.63%		6.02%

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 November 30, 2025. 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 November 30, 2025.

³ Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2024 to November 30, 2025, 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, 2025 to November 30, 2025), as a percentage of the Fund’s NAV as of November 30, 2025.

About Sprott Focus Trust, Inc.

Sprott Focus Trust, Inc. is a closed-end diversified investment management 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.

Suite 230 | 320 Post Road | Darien, Connecticut | USA 06820 | (203) 636-0977 | www.sprott.com

Contact:	Glen Williams
	(416) 943-4394

FAQ

What amount did Sprott Focus Trust (FUND) declare for the fourth-quarter 2025 distribution?

The Fund declared a quarterly distribution of $0.1911 per share payable Dec 29, 2025.

What is the record and ex-dividend date for FUND's Dec 2025 distribution?

Record date is Dec 12, 2025; the ex-dividend date is also Dec 12, 2025.

Can FUND shareholders receive the Dec 29, 2025 distribution in shares instead of cash?

Yes; shareholders may elect additional common shares or cash, with reinvestment price set on Dec 19, 2025.

How is FUND's distribution policy structured and what annual rate does it target?

The Fund's policy targets an annual rate of 6% of the rolling average of the prior four quarter-end NAVs; the fourth quarter payout is the greater of 1.50% of that rolling average or the IRS minimum.

What portion of the fourth-quarter 2025 distribution for FUND is return of capital?

The Fund reports the fourth-quarter distribution as estimated to be 100% return of capital.

What were FUND's year-to-date 2025 distribution sources through Nov 30, 2025?

Through Nov 30, 2025, cumulative distributions per share were $0.5770 with $0.2249 (38.98%) net investment income, $0.0061 (1.06%) short-term gains, and $0.3460 (59.96%) net realized long-term gains.