SPROTT FOCUS TRUST INC. — Director's Dealing 2022

Oct 7, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2022-10-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-10-04	Common Stock	P	5800	$7.2817	Acquired	66267	Indirect
2022-10-05	Common Stock	P	6790	$7.2558	Acquired	73057	Indirect
2022-10-06	Common Stock	P	7410	$7.2162	Acquired	80467	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7360562	Direct
Common Stock	2727105	Indirect
Common Stock	183187	Indirect
Common Stock	1130232	Indirect
Common Stock	2053169	Indirect
Common Stock	317020	Indirect
Common Stock	317020	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 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.

F3: Shares held by a trust established for the benefit of Mr. George's spouse. Mr. George serves as trustee of the trust and, in such capacity, has investment and voting discretion over shares held by the trust. As beneficiary of the trust, Mr. George's spouse has a pecuniary interest in the trust. Mr. George may be deemed to beneficially own the shares held by the trust.

F4: Shares held by a trust established for the benefit of Mr. George's immediate family member (the "BM Trust"). Mr. George serves as trustee of the BM Trust and, in such capacity, has investment and voting discretion over shares held by the BM Trust. Mr. George may be deemed to beneficially own the shares held by the BM Trust.

F5: Shares held by a trust established for the benefit of Mr. George's immediate family member (the "TM Trust"). Mr. George serves as trustee of the TM Trust and, in such capacity, has investment and voting discretion over shares held by the TM Trust. Mr. George may be deemed to beneficially own the shares held by the TM Trust.

F6: Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the DRIP) on September 23, 2022.

F7: Represents the weighted average purchase price of multiple transactions with a range of prices between $7.19 and $7.30. 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.

F8: Represents the weighted average purchase price of multiple transactions with a range of prices between $7.22 and $7.30. 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.

F9: Represents the weighted average purchase price of multiple transactions with a range of prices between $7.20 and $7.25. 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.