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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 85208J109 (prev. 78080N108 )
- Market Cap
- Small Cap · $165 Million
- IPO
- 7/6/1997
- Previous Name
- Royce Focus Trust, Inc.
Fund Description: Sprott Focus Trust, Inc. is a closed-end diversified management investment company whose investment objective is long-term capital appreciation, which it seeks by normally investing more than 75% of its assets in equity securities. Sprott Focus Trust, Inc. invests in a limited number of domestic and foreign companies, selected using a value approach. The Fund's investments are focused primarily in small companies with significant business activities in the United States. The trust is qualified as a regulated investment company not subject to income taxes when it distributes substantially all of its taxable income to investors.
Notes: Feb. 26, 2015 -- Royce Focus Trust, Inc. (Nasdaq: FUND) announced that stockholders approved a new investment advisory agreement by and between the Fund and Sprott Asset Management L.P. (Sprott Asset) approved a new investment subadvisory agreement by and among the Fund, Sprott Asset, and Sprott Asset Management USA Inc. (Sprott USA); and elected a new slate of directors to the Board of Directors of the Fund. Effective March 9, 2015, the name of the Fund will be changed from Royce Focus Trust, Inc. to Sprott Focus Trust, Inc. The transfer of the investment management of the Fund will be from Royce & Associates, LLC to Sprott Asset and Sprott USA.
Company Contact
- Headquarters
- 1414 Avenue of the Americas, New York, NY 10019
- Phone
- 800-221-4268 · Toll-Free 800-337-6923
- Investor Relations
- John D. Diederich · 212-508-4572 · funds@roycenet.com