SPROTT FOCUS TRUST INC. — Director's Dealing 2021

Jan 27, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2020-12-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-11	Common Stock	G	6000	$0.00	Disposed	6897484	Direct
2020-12-11	Common Stock	G	9000	$0.00	Disposed	2516660	Indirect
2021-01-04	Common Stock	G	6519	$0.00	Disposed	6890965	Direct
2021-01-04	Common Stock	G	6519	$0.00	Disposed	2510141	Indirect
2021-01-04	Common Stock	G	4346	$0.00	Acquired	155561	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	980731	Indirect
Common Stock	534185	Indirect
Common Stock	1781584	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") subsequent to the gift transactions on December 11, 2020 reported herein. Shares were last acquired under the DRIP on December 23, 2020.

F5: Represents transfers as gifts by each of Mr. George and his spouse of 2,173 shares to each of their three sons, resulting in a cumulative gift transfer of 6,519 shares by each of Mr. George and his spouse. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 4,346 shares transferred to the son that resides in Mr. George's household.