Sprott Focus Trust Inc (OQ:FUND)

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: So. Tower, Ste 2700
TORONTO ON M5S 3J5
Tel: 1-416-9434394
Website: https://sprott.com/investment-strategies/focus-trust
IR: See website
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Key People
Thomas W. Ulrich
President, Chief Compliance Officer, Secretary
Varinder Bhathal
Treasurer
 
Business Overview
Sprott Focus Trust, Inc. (the Fund) is a Canada-based diversified closed-end investment company. The Fund's primary investment objective is long-term capital growth. The Fund normally invests at least 65% of its assets in equity securities. The Fund may invest up to 35% of its assets in direct obligations of the United States Government or its agencies and in the non-convertible preferred stocks and debt securities of domestic and foreign companies. The Fund invests a portion of its assets in securities of foreign issuers. The Fund invests in small-cap companies with significant business activities in the United States. The Fund invests in various sectors, including materials, financial services, energy, real estate, consumer discretionary, technology, industrials, consumer staples, and cash and cash equivalents. The Fund's investment adviser is Sprott Asset Management LP. The Fund's sub-adviser is Sprott Asset Management USA Inc.
Financial Overview
For the fiscal year ended 31 December 2023, Sprott Focus Trust Inc revenues increased 24% to $8.4M. Net income totaled $27.5M vs. loss of $811K. Revenues reflect Interest increase from $30K to $133K. Net Income reflects Net realized gain/(loss) on investments increase of 19% to $10.7M (income), Other expenses decrease of 28% to $74K (expense), Compensating balance credits increase from $0K to $2K (income).
Reporting Currency: U.S. Dollars
Enterprise value: $234.12M as of Dec 31, 2023
Annual revenue (TTM): $8.40M as of Dec 31, 2023
EBITDA (TTM): $5.48M as of Dec 31, 2023
Net annual income (TTM): $27.48M as of Dec 31, 2023
Free cash flow (TTM): N/A
Net Debt Last Fiscal Year: N/A
Shares outstanding: 29,847,308 as of Dec 31, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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