Sprott Focus Trust (FUND) director George bought 18,494 shares for $146K at an average $7.90

Insider transactions reported

W Whitney George (director at Sprott Focus Trust Inc., FUND) reported that they bought 18,494 shares for $146K at an average $7.90 between May 19, 2022 and Jun 23, 2022. After these transactions the filing shows 59,420 shares held indirectly (Held by Trust).

Reporting person

George W Whitney

Holdings before and after

• Common Stock: 40,926 to 59,420 indirect, Held by Trust

Other positions listed

• Common Stock: 7,345,587 direct
• Common Stock: 2,726,084 indirect, Held by Spouse
• Common Stock: 180,015 indirect, Held by Son
• Common Stock: 1,110,660 indirect, Held by Trust
• Common Stock: 2,017,615 indirect, Held by Foundation
• Common Stock: 311,531 indirect, Held by Trust
• Common Stock: 311,531 indirect, Held by Trust

Footnotes from the filing

1. 1. 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.
2. 2. 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.
3. 3. 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.
4. 4. 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.
5. 5. 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.
6. 6. Represents the weighted average purchase price of multiple transactions with a range of prices between $8.23 and $8.25. 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.
7. 8. Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the DRIP) on June 24, 2022, subsequent to the purchases reported herein.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

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