W. Whitney George - Aug 30, 2021 Form 4 Insider Report for SPROTT FOCUS TRUST INC. (FUND)

Role
Director, Senior Portfolio Manager, 10%+ Owner
Signature
/s/ W. Whitney George
Stock symbol
FUND
Transactions as of
Aug 30, 2021
Transactions value $
$85,476
Form type
4
Date filed
9/1/2021, 10:35 AM
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FUND Common Stock Purchase $85.5K +10.1K +1.84% $8.46 559K Aug 30, 2021 Held by Trust F2, F4
holding FUND Common Stock 7.08M Aug 30, 2021 Direct F4
holding FUND Common Stock 2.58M Aug 30, 2021 Held by Spouse F4
holding FUND Common Stock 160K Aug 30, 2021 Held by Son F4
holding FUND Common Stock 1.01M Aug 30, 2021 Held by Trust F1, F4
holding FUND Common Stock 1.83M Aug 30, 2021 Held by Foundation F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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 on each of March 26, 2021 and June 25, 2021.

Remarks:

Mr. George disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. George is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.