Sprott Focus Trust Inc. SEC Filings

FUND submitted its Form N-CEN annual report providing operational and service-provider information for the reporting period. The filing lists securities-lending activity with a monthly average value of 15,720,766.40 and securities-lending net income of 102,066. It also reports aggregate brokerage commissions of 89,958.06 and principal transaction volume of 3,734,892,570.11. The form otherwise presents standard registrant fields (advisers, custodians, directors, transfer agents) in template format without specific names or addresses in the provided excerpt.

Sprott Focus Trust, Inc. reports annual shareholder results and portfolio commentary for the year ended December 31, 2025. The Fund closed the year with net assets of $287,342,781 and a net asset value per share of $9.61. For the 12 months ended 12/31/2025, the Fund’s NAV total return was 23.57%, and market-price total return was 27.55%. The Board maintains a managed distribution policy that targets quarterly payouts at an annualized 6% of the rolling four-quarter average NAV. The discussion highlights concentration in materials and precious-metals exposures, a portfolio of 32 holdings, top 10 positions representing 45.1% of net assets, and a closing cash position near 4.9% of net assets as of 12/31/2025.

GEORGE W. WHITNEY, a director, 10% owner and Senior Portfolio Manager of Sprott Focus Trust Inc. (FUND), reported both a purchase and a sale of common stock on January 6, 2026. He acquired 1,785 shares at $8.89 per share in a transaction made through a dividend reinvestment plan that satisfies Rule 16a-11. On the same date, a trust for the benefit of an immediate family member, for which Mr. George serves as trustee, sold 17,700 shares at $8.85 per share.

Following these transactions, Mr. George directly held 8,078,033 common shares, and the reporting shows additional indirect holdings through various family trusts, his spouse and a family foundation. The filing notes that Mr. George may be deemed to beneficially own shares held by these entities but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sprott Focus Trust Inc. director, 10% owner and Senior Portfolio Manager W. Whitney George reported a transaction in the fund’s common stock on 12/10/2025. The report shows a disposal of 4,500 shares at $ 8.8 per share, leaving 3,211,443 shares beneficially owned indirectly through his spouse, along with large additional direct and indirect holdings.

These indirect positions include shares held by several family trusts and The Meredith and Whitney George Foundation, where Mr. George has investment and voting discretion. He notes that he may be deemed to beneficially own these shares but disclaims beneficial ownership except to the extent of his pecuniary interest. The report also states that certain purchases of Sprott Focus Trust shares were made through a dividend reinvestment plan that satisfies Rule 16a-11, which exempts those transactions from Section 16 of the Securities Exchange Act of 1934.

Sprott Focus Trust (FUND) officer Thomas W. Ulrich reported a sale of common stock on 10/15/2025. He sold 1,116.84 shares at $8.34 per share, reported under transaction code “S”.

Following the sale, he beneficially owned 8,272.65 shares on an indirect basis through an IRA. The filing notes that reported holdings include shares acquired under the issuer’s Dividend Reinvestment Program.

George W. Whitney, a director and 10% owner of Sprott Focus Trust Inc. (FUND), reported multiple transactions in the issuer's common stock. He sold 29,800 shares at $8.18 on 08/28/2025, after which 312,583 shares were reported as indirectly held by a trust. On 09/29/2025 Mr. Whitney reports a series of purchases at $8.18 per share across direct and indirect accounts totaling 179,607 shares (individual line items shown in the filing). Post-transaction beneficial ownership figures are reported for each line, including a direct holding listed as 7,990,791 shares and various indirect holdings held by trusts, spouse, and a foundation. The filing states these purchases were made under a dividend reinvestment plan that qualifies for Rule 16a-11 exemption. The report includes standard disclaimers about pecuniary interest and trustee roles without additional commentary.

Sprott Focus Trust, Inc. (FUND) will hold its 2025 Annual Meeting on 2 Sep 2025 at 1:00 p.m. ET in Darien, CT. Only stockholders of record at the close of business on 18 Jul 2025 may vote. The sole voting item is Proposal 1: election of two Class III independent directors, Leslie Barrett and Michael W. Clark, for terms expiring in 2028. No other proposals or appraisal rights are offered.

The Fund has 29,641,944 shares outstanding. CEO and interested director W. Whitney George beneficially owns 15,670,672 shares (52.86%), giving him de-facto majority control; all other directors and officers together own 52.93%. Independent directors form 80 % of the five-member board and comprise the entire Audit and Governance Committees. Each independent director received $5,086.25 in 2024 compensation; no pension benefits accrue.

Audit services will again be provided by Tait, Weller & Baker LLP; 2024 fees were $30,000 audit and $7,200 tax, unchanged from 2023. The Audit Committee reaffirmed the auditor’s independence and recommended inclusion of 2024 financials in the Annual Report. All directors attended at least 75 % of 2024 meetings, yet none attended the 2024 stockholder meeting. Voting may be executed by proxy card, telephone, internet or in person.