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 |
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 |