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George W. Whitney, the Senior Portfolio Manager at Sprott Focus Trust Inc. (NASDAQ:FUND), recently made significant acquisitions of the company’s common stock. According to a recent SEC filing, Whitney purchased a total of 200,137 shares on March 28, 2025, at a price of $7.3 per share, close to the stock’s 52-week low of $7.15. This transaction amounts to an investment of approximately $1.46 million in the $221.5 million market cap company, which currently offers a substantial 7.04% dividend yield. InvestingPro analysis reveals the company has maintained dividend payments for 15 consecutive years.
The acquired shares are held in various capacities, including direct ownership and through trusts and foundations where Whitney holds investment and voting discretion. Notably, some of these shares are held by trusts established for the benefit of Whitney’s family members, and others are held by The Meredith (NYSE:MDP) and Whitney George Family Foundation.
These purchases were made under a dividend reinvestment plan that meets the requirements of Rule 16a-11 under the Securities Exchange Act of 1934, which exempts such transactions from certain regulatory provisions.
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