SPROTT FOCUS TRUST INC. — Director's Dealing 2018

Jan 5, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2018-01-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-04	Common Stock	G	10500	—	Disposed	4627478	Direct
2018-01-04	Common Stock	G	3500	—	Acquired	108232	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1297231	Indirect
Common Stock	249426	Indirect
Common Stock	92350	Indirect

Footnotes

F1: Represents transfers as gifts of 3,500 shares to each of Mr. George's three sons, resulting in a cumulative gift transfer of 10,500 shares. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 3,500 shares transferred to the son that resides in Mr. George's household.

F2: 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.

F3: 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.