SPROTT FOCUS TRUST INC. — Director's Dealing 2018

Feb 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2018-02-05

Reporting Person: GEORGE W WHITNEY (Director, 10% Owner, Senior Portfolio Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-05	Common Stock	P	25000	$7.92	Acquired	1322231	Indirect
2018-02-05	Common Stock	P	25000	$7.86	Acquired	1347231	Indirect
2018-02-05	Common Stock	P	6157	$7.78	Acquired	1353388	Indirect
2018-02-06	Common Stock	P	9389	$7.68	Acquired	1362777	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4627478	Direct
Common Stock	108232	Indirect
Common Stock	249426	Indirect
Common Stock	92350	Indirect

Footnotes

F1: Shares held by The Mallory Descendant's Trust U/T/A DTD 12/31/2013 (the "Descendant's Trust"). Mr. George serves as trustee of the Descendant's Trust and, in such capacity, has investment and voting discretion over shares by the Descendant's Trust. As a beneficiary of the Descendant's Trust, Mr. George's spouse has a pecuniary interest in the Descendant's Trust. Mr. George may be deemed to beneficially own the shares held by the Descendant's Trust.

F2: Shares held by The TDM & BBM Trust U/T/A DTD 3/25/2013 (the "B&D Mallory Trust"). Mr. George serves as trustee of the TDM & BBM Trust and, in such capacity, has investment and voting discretion over shares by the B&D Mallory Trust. Mr. George may be deemed to beneficially own the shares held by the B&D Mallory Trust.