Sprott Focus Trust (Nasdaq:FUND) declared a second-quarter common stock distribution of $0.1424 per share, payable June 29, 2026 to shareholders of record and ex-dividend on June 12, 2026. Investors may receive cash or reinvest in shares, priced June 22, 2026.
The Fund’s policy targets an annual rate of 6% of the rolling four-quarter-end NAVs, subject to board change. For this distribution, estimated sources are 25.21% net investment income, 3.72% net realized short-term gains, and 71.07% net realized long-term gains. Year-to-date distributions total $0.2759 per share.
As of May 31, 2026, the Fund reports a 5-year average annual total return of 11.70% (NAV basis), an annualized current distribution rate of 4.99% of NAV, a 2026 fiscal year-to-date cumulative total return of 20.50%, and a cumulative fiscal-year distribution rate of 2.42% of NAV.
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AI-generated analysis. Not financial advice.
Positive
Declared Q2 2026 distribution of $0.1424 per share
Flexible payout option in cash or additional shares
Distribution policy targeting 6% of rolling four-quarter NAV
Q2 distribution sourced 71.07% from realized long-term gains
5-year average annual total return of 11.70% (NAV basis)
2026 year-to-date cumulative NAV total return of 20.50%
Negative
None.
Key Figures
Q2 distribution:$0.1424 per shareRecord date:June 12, 2026Distribution policy rate:6%+5 more
8 metrics
Q2 distribution$0.1424 per shareQuarterly common stock distribution payable June 29, 2026
Record dateJune 12, 2026Stockholders of record receive Q2 2026 distribution
Distribution policy rate6%Annual rate of rolling average of prior four quarter-end NAVs
Q2 net investment income$0.0359 (25.21%)Estimated portion of $0.1424 Q2 distribution per share
Q2 long-term gains$0.1012 (71.07%)Estimated net realized long-term gains in Q2 distribution
YTD distribution per share$0.2759Estimated distributions through May 31, 2026
5-year avg total return11.70%Average annual total return in relation to NAV, 5 years to 05/31/2026
Cumulative total return20.50%NAV total return fiscal year-to-date through 05/31/2026
Market Reality Check
Price:$10.40Vol:Volume 17,472 is below th...
normal vol
$10.40Last Close
VolumeVolume 17,472 is below the 20-day average of 23,191 (relative volume 0.75).normal
TechnicalPrice 10.405 is trading above the 200-day MA at 9.05 and sits 0.33% below the 52-week high of 10.4399.
Peers on Argus
FUND slipped 0.2% while peers were mixed: ACV -0.16%, AEF -0.10%, RIV +0.26%, SA...
FUND slipped 0.2% while peers were mixed: ACV -0.16%, AEF -0.10%, RIV +0.26%, SABA +1.29%, FTF flat. Moves do not show a unified asset-management trend.
Announced Q4 2025 payout of $0.1911 per share, 100% return of capital estimate.
Pattern Detected
Prior distribution declarations were followed by modestly positive price reactions.
Recent Company History
Recent news for FUND has centered on its managed distribution policy. On Dec 02, 2025, the fund declared a fourth-quarter distribution of $0.1911 per share and the stock rose 1.88% over the next day. On Mar 03, 2026, a first-quarter distribution of $0.1335 per share saw a 1.31% 24-hour gain. Both releases reiterated the policy targeting an annual rate of 6% of the rolling four-quarter average NAV, establishing a consistent income-focused communication pattern leading into today’s second-quarter declaration.
Market Pulse Summary
This announcement details FUND’s second-quarter distribution of $0.1424 per share under its policy t...
Analysis
This announcement details FUND’s second-quarter distribution of $0.1424 per share under its policy targeting an annualized 6% of rolling four-quarter average NAV. The tables show that most of the payout is estimated to come from net realized long-term gains rather than return of capital. With a 5-year average annual total return of 11.70% and fiscal year-to-date NAV return of 20.50%, investors may monitor how future distributions balance income, gains, and potential tax treatment once final Form 1099-DIV data are available.
Key Terms
net asset values, net investment income, net realized short-term gains, net realized long-term gains, +4 more
8 terms
net asset valuesfinancial
"rolling average of the prior four calendar quarter-end net asset values (“NAVs”)"
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.
net investment incomefinancial
"Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-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.
net realized short-term gainsfinancial
"Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains"
Net realized short-term gains are the profits left after subtracting short-term losses from the sale of assets held for a year or less. Think of it like flipping garage-sale items: the money you actually pocket after accounting for any quick losses. Investors care because these gains affect reported income, can push taxes higher (short-term gains are usually taxed at ordinary rates), and change a fund’s or portfolio’s after-tax performance and volatility.
net realized long-term gainsfinancial
"Net Investment Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains"
Profit from selling investments or assets that were held for more than one year, after subtracting any related losses and adjustments. It matters to investors because these long-term gains are typically taxed at different rates than short-term gains and signal how much return a sale generated over a longer holding period — similar to the net profit you’d report after selling a secondhand car and paying for repairs and fees.
return of capitalfinancial
"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.
average annual total returnfinancial
"Average Annual Total Return in relation to NAV represents the compound average"
Average annual total return is the single yearly rate of return that, when applied each year, would grow an investment from its starting value to its ending value over a given period while including both price changes and any dividends or distributions. Investors use it to compare how different assets performed on a level playing field across time; think of it like the average speed of a trip that accounts for all stops and detours so you can fairly compare routes.
cumulative total returnfinancial
"Cumulative Total Return is the percentage change in the Fund’s NAV"
Cumulative total return measures how much an investment has grown over a set period after accounting for both changes in price and any income paid out, like dividends or interest, assuming those payouts are reinvested. Think of it as the size of a cake after you’ve added new slices back into it: it shows the full, compounded gain rather than just the change in sticker price, helping investors compare true long‑term performance across assets.
Form 1099-DIVregulatory
"The Fund will send you a Form 1099-DIV for the calendar year"
Form 1099-DIV is a U.S. tax document brokers, mutual funds and other financial institutions send to investors showing dividends and other distributions paid during the year. Investors use it like an annual receipt to report taxable income — including regular dividends, dividends that may qualify for lower tax rates, and capital gains distributions — so it directly affects tax liability and helps reconcile brokerage records with a tax return.
AI-generated analysis. Not financial advice.
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TORONTO, June 02, 2026 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1424 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 June 29, 2026 to stockholders of record at the close of business on June 12, 2026 (ex-dividend on June 12, 2026). The price of shares issued for reinvestment will be determined on June 22, 2026.
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 June 29, 2026 and for 2026 year-to-date are as follows:
Estimated Allocations as of May 31, 2026
Distribution Per Share
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long-Term Gains
Return of Capital
FUND
$ 0.1424
$ 0.0359 (25.21%)
$ 0.0053 (3.72%)
$ 0.1012 (71.07%)
$ 0.0000 (0.00%)
Estimated Allocations for 2026 through May 31, 2026
Distribution Per Share
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long-Term Gains
Return of Capital
FUND
$ 0.2759
$ 0.0775 (28.09%)
$ 0.0053 (1.92%)
$ 0.1931 (69.99%)
$ 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 05/31/2026)1
Annualized Current Distribution Rate (expressed as a percentage of NAV as of 05/31/2026)2
Cumulative total return (in relation to NAV for the fiscal year through 05/31/2026)3
Cumulative fiscal year Distribution Rate (as a percentage of NAV as of 05/31/2026)4
FUND
11.70%
4.99%
20.50%
2.42%
1Average 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 May 31, 2026. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2The Annualized Current Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV as of May 31, 2026.
3Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2025to May 31, 2026, assuming reinvestment of distributions paid.
4The Cumulative Fiscal Year Distribution Rate is the dollar value of distributions for the fiscal year period (January 1, 2026 to May 31, 2026), as a percentage of the Fund’s NAV as of May 31, 2026.
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 dividend did Sprott Focus Trust (Nasdaq:FUND) declare for Q2 2026?
Sprott Focus Trust declared a quarterly distribution of $0.1424 per FUND share. According to Sprott Focus Trust, it will be paid on June 29, 2026 to shareholders of record and ex-dividend on June 12, 2026, with optional cash or share reinvestment.
When is the record date and payment date for the FUND Q2 2026 distribution?
The Q2 2026 FUND distribution is payable on June 29, 2026. According to Sprott Focus Trust, shareholders must be of record at the close of business on June 12, 2026, which is also the ex-dividend date for this common stock distribution.
How is the Sprott Focus Trust (FUND) Q2 2026 distribution of $0.1424 per share allocated?
The $0.1424 FUND distribution is estimated at 25.21% net investment income, 3.72% net realized short-term gains, and 71.07% net realized long-term gains. According to Sprott Focus Trust, there is no return of capital estimated for this specific June 29, 2026 payout.
What is Sprott Focus Trust’s (FUND) current distribution policy and annual rate?
Sprott Focus Trust follows a policy of paying quarterly distributions on its common stock. According to Sprott Focus Trust, distributions are made at an annual rate of 6% of the rolling average of the prior four calendar quarter-end NAVs, subject to board discretion.
What are the 2026 year-to-date distribution sources for Sprott Focus Trust (FUND)?
Year-to-date through May 31, 2026, FUND distributions total $0.2759 per share. According to Sprott Focus Trust, estimated sources are 28.09% net investment income, 1.92% net realized short-term gains, 69.99% net realized long-term gains, and 0.00% return of capital for this period.
How has Sprott Focus Trust (FUND) performed based on NAV returns as of May 31, 2026?
FUND reports a 5-year average annual total return of 11.70% on a NAV basis. According to Sprott Focus Trust, the 2026 fiscal year-to-date cumulative total return is 20.50% of NAV, with an annualized current distribution rate of 4.99% of NAV.
Can investors reinvest the Sprott Focus Trust (FUND) June 29, 2026 distribution in additional shares?
Yes, the June 29, 2026 FUND distribution is optionally payable in cash or additional common shares. According to Sprott Focus Trust, the reinvestment share price will be determined on June 22, 2026, allowing shareholders to choose their preferred form of payout.
