SPROTT FOCUS TRUST INC. — Director's Dealing 2020

Oct 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2020-10-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-06	Common Stock	P	73358	$5.996	Acquired	2431703	Indirect
2020-10-07	Common Stock	P	92	$5.98	Acquired	2431795	Indirect
2020-10-08	Common Stock	P	17978	$6.1529	Acquired	2449773	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6695745	Direct
Common Stock	951194	Indirect
Common Stock	518097	Indirect
Common Stock	146661	Indirect
Common Stock	1727927	Indirect

Footnotes

F1: Shares held by a trust established for the benefit of Mr. George's children. As beneficiaries of the trust, Mr. George's children have a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

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 held 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 Meredith and Whitney George Family Foundation (the "Foundation"). Mr. George serves as Chairman of the Foundation and, in such capacity, has investment and voting discretion over shares held by the Foundation.

F4: Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the "DRIP"). Shares were last acquired under the DRIP on September 25, 2020.

F5: Represents the weighted average purchase price of multiple transactions with a range of prices between $5.98 and $6.00. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.

F6: Represents the weighted average purchase price of multiple transactions with a range of prices between $6.11 and $6.17. Mr. George hereby undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer, or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.