SPROTT FOCUS TRUST INC. — Director's Dealing 2023

Jan 4, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPROTT FOCUS TRUST INC. (FUND)
CIK: 0000825202
Period of Report: 2022-12-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-12-06	Common Stock	G	6000	$0.00	Disposed	7368380	Direct
2022-12-06	Common Stock	G	9000	$0.00	Disposed	2719047	Indirect
2023-01-03	Common Stock	G	6399	$0.00	Disposed	7361981	Direct
2023-01-03	Common Stock	G	6399	$0.00	Disposed	2712648	Indirect
2023-01-03	Common Stock	G	4266	$0.00	Acquired	190380	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1148293	Indirect
Common Stock	2085978	Indirect
Common Stock	92123	Indirect
Common Stock	322085	Indirect
Common Stock	322085	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 December 22, 2022, subsequent to the gift transactions on December 6, 2022 reported herein.

F7: Represents transfers as gifts by each of Mr. George and his spouse of 2,133 shares to each of their three sons, resulting in a cumulative gift transfer of 6,399 shares by each of Mr. George and his spouse. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 4,266 shares transferred to the son that resides in Mr. George's household.