# EDGAR Filing Document

**Accession Number:** 0000825202
**File Stem:** 0000899243-23-000655
**Filing Date:** 2023-1
**Character Count:** 9323
**Document Hash:** 8225373f60d611a97d98a7172f6513e6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000899243-23-000655.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0000899243-23-000655

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221206

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230104

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** GEORGE W WHITNEY
- **CENTRAL INDEX KEY:** 0001185838

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-05379
- **FILM NUMBER:** 23507848

**MAIL ADDRESS:**
- **STREET 1:** C/O ROYCE & ASSOCIATES, LLC
- **STREET 2:** 745 FIFTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10151
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPROTT FOCUS TRUST INC.
- **CENTRAL INDEX KEY:** 0000825202
- **STANDARD INDUSTRIAL CLASSIFICATION:** UNKNOWN SIC - 0000 [0000]
- **IRS NUMBER:** 592876580
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** C/O SPROTT ASSET MANAGEMENT L.P.
- **STREET 2:** ROYAL BANK PLZ, SO. TOWER, STE 2700
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J1
- **BUSINESS PHONE:** 416-943-4065

**MAIL ADDRESS:**
- **STREET 1:** C/O SPROTT ASSET MANAGEMENT L.P.
- **STREET 2:** ROYAL BANK PLZ, SO. TOWER, STE 2700
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M5J2J1

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE FOCUS TRUST INC
- **DATE OF NAME CHANGE:** 19990525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE GLOBAL TRUST INC
- **DATE OF NAME CHANGE:** 19961203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALL SEASONS GLOBAL FUND INC
- **DATE OF NAME CHANGE:** 19950803

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>GEORGE W WHITNEY<br><sub>(Last) (First) (Middle)</sub><br>C/O SPROTT ASSET MANAGEMENT USA INC.<br>1910 PALOMAR POINT WAY, SUITE 200<br><sub>(Street)</sub><br>CARLSBAD, CA 92008<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2022-12-06 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [X] 10% Owner<br>[ ] Officer (give title below) [X] Other (specify below)<br>_Senior Portfolio Manager_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>SPROTT FOCUS TRUST INC. [ FUND ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2022-12-06 |  | G | V | 6000 | D | $0.00 | 7368380<sup>(6)</sup> | D |  |
| Common Stock | 2022-12-06 |  | G | V | 9000 | D | $0.00 | 2719047<sup>(6)</sup> | I | Held by Spouse |
| Common Stock | 2023-01-03 |  | G | V | 6399<sup>(7)</sup> | D | $0.00 | 7361981 | D |  |
| Common Stock | 2023-01-03 |  | G | V | 6399<sup>(7)</sup> | D | $0.00 | 2712648 | I | Held by Spouse |
| Common Stock | 2023-01-03 |  | G | V | 4266<sup>(7)</sup> | A | $0.00 | 190380<sup>(6)</sup> | I | Held by Son |
| Common Stock |  |  |  |  |  |  |  | 1148293<sup>(6)</sup> | I | Held by Trust<sup>(1)</sup> |
| Common Stock |  |  |  |  |  |  |  | 2085978<sup>(6)</sup> | I | Held by Foundation<sup>(2)</sup> |
| Common Stock |  |  |  |  |  |  |  | 92123<sup>(6)</sup> | I | Held by Trust<sup>(3)</sup> |
| Common Stock |  |  |  |  |  |  |  | 322085<sup>(6)</sup> | I | Held by Trust<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 322085<sup>(6)</sup> | I | Held by Trust<sup>(5)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

---

### Footnotes:

(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) 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) 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) 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) 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) Amount of shares beneficially owned includes shares acquired under the Issuer's Dividend Reinvestment Program (the DRIP) on December 22, 2022, subsequent to the gift transactions on December 6, 2022 reported herein.

(7) Represents transfers as gifts by each of Mr. George and his spouse of 2,133 shares to each of their three sons, resulting in a cumulative gift transfer of 6,399 shares by each of Mr. George and his spouse. Mr. George may be deemed to beneficially own and have a pecuniary interest in the 4,266 shares transferred to the son that resides in Mr. George's household.

**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.

**Signature:** /s/ W. Whitney George  
**Date:** 2023-01-04

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**