Sprott Focus Trust Files Definitive Proxy Statement

TL;DR

Sprott Focus Trust proxy out - vote on directors & auditors for Sept 3 meeting.

AI Summary

Sprott Focus Trust, Inc. filed its definitive proxy statement on August 6, 2024, for its annual meeting on September 3, 2024. The filing details the company's governance and proposals to be voted on by shareholders, including the election of directors and ratification of independent auditors.

Why It Matters

This filing provides shareholders with crucial information to make informed voting decisions on company leadership and important corporate matters.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) that provides information to shareholders and does not inherently present new risks.

Key Players & Entities

• SPROTT FOCUS TRUST INC. (company) — Registrant
• ROYCE FOCUS TRUST INC (company) — Former Company Name
• ROYCE GLOBAL TRUST INC (company) — Former Company Name
• ALL SEASONS GLOBAL FUND INC (company) — Former Company Name

FAQ

Key Financial Figures

• $6,824 — irector who served during 2023 received $6,824 from the Fund for service as a director

Filing Documents

• focus-def14a_090324.htm (DEF 14A) — 238KB
• proxycard001.jpg (GRAPHIC) — 4KB
• proxycard002.jpg (GRAPHIC) — 2KB
• proxycard003.jpg (GRAPHIC) — 2KB
• proxycard004.jpg (GRAPHIC) — 3KB
• 0001999371-24-009660.txt ( ) — 255KB

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS 1 PROPOSAL 1: ELECTION OF DIRECTORS 1 COMPENSATION OF DIRECTORS 5 INFORMATION ABOUT THE FUND’S OFFICERS 5

SECURITY OWNERSHIP OF MANAGEMENT

SECURITY OWNERSHIP OF MANAGEMENT 6 AUDITOR AND AUDIT COMMITTEE INFORMATION 7 STOCKHOLDER COMMUNICATIONS 8 DELINQUENT SECTION 16(a) REPORTS 8 ADDITIONAL INFORMATION 8 EXHIBIT A – AUDIT COMMITTEE CHARTER A-1 EXHIBIT B – GOVERNANCE COMMITTEE CHARTER B-1

SECURITY OWNERSHIP

SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS As of the Record Date, there were 29,805,103 shares of Common Stock outstanding. The following are the only persons known to the Fund to be the beneficial Name and Address of Beneficial Common Stock Beneficially Owned Percent of Class W. Whitney George c/o Sprott Inc., 320 Post Rd., Suite 230, Darien, CT 06820 15,063,122 (1) 50.53 % (1) Includes 6,677,692 shares held directly by Mr. George, 968,350 shares held in an IRA account for Mr. George’s benefit, 2,865,811 shares held by Mr. George’s spouse and 66,071 shares held in an IRA account for Mr. George’s spouse’s benefit and 214,482 shares held by Mr. George’s child, of which Mr. George may be deemed to beneficially own. Also includes 2,299,103 shares held by The Meredith and Whitney George Family Foundation, a charitable foundation established by Mr. George and members of his family. As Chairman of the Foundation, Mr. George has shared voting and dispositive power over the shares held by the Foundation. Also includes 604,468 shares held in trusts established for the benefit of certain immediate family members of Mr. George, 101,532 shares held in trust for Mr. George’s spouse and 1,265,613 shares held in a family trust established for the benefit of Mr. George’s children. As trustee of these family trusts, Mr. George has sole voting and dispositive power over the shares held by the trusts. Shares held by brokerage firms, banks and other financial intermediaries on behalf of certain beneficial owners are registered in the name of Cede & Co. Because brokerage firms and other institutions hold many of the Fund’s shares on behalf of beneficial owners, we are unable to estimate the total number of stockholders represented by those record holders. PROPOSAL 1: ELECTION OF DIRECTORS At the

View Full Filing

View this DEF 14A filing on SEC EDGAR