TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Sprott Focus Trust, Inc. (Nasdaq-FUND) (the “Fund” or “FUND”) has declared a quarterly distribution of $0.1911 per share on its Common Stock. The distribution, optionally payable in additional shares of Common Stock or in cash by specific stockholder election, is to be paid on December 29, 2025 to stockholders of record at the close of business on December 12, 2025 (ex-dividend on December 12, 2025). The price of shares issued for reinvestment will be determined on ...

Core Viewpoint - Royce Small-Cap Trust, Inc. has declared a fourth quarter distribution of $0.54 per share, payable on December 24, 2025, to stockholders of record as of December 11, 2025, with an annual distribution rate of 7% based on the rolling average of the prior four calendar quarter-end net asset values [1]. Distribution Details - The fourth quarter distribution of $0.54 per share consists of: - $0.0289 (5%) from net investment income - $0.1267 (24%) from realized short-term gains - $0.3844 (71%) from realized long-term gains - No return of capital [2]. - For the year 2025 through November 30, the total distribution per share is $1.42, with allocations as follows: - $0.0759 (5%) from net investment income - $0.3332 (24%) from realized short-term gains - $1.0109 (71%) from realized long-term gains [2]. Fund Performance - The average annual total return of the Fund in relation to NAV for the five-year period ending November 30, 2025, is 9.66% [3]. - The annualized current distribution rate as of November 30, 2025, is 11.85% [3]. - The cumulative total return from December 31, 2024, to November 30, 2025, is 13.69% [4]. - The cumulative fiscal year distribution rate for the period from January 1, 2025, to November 30, 2025, is 7.79% [4]. Fund Overview - Royce Small-Cap Trust, Inc. is a closed-end diversified management investment company listed on the New York Stock Exchange, primarily focused on long-term capital growth by investing at least 80% of its net assets in equity securities of small-cap companies [5].

Core Viewpoint - The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its commitment to a 10% distribution policy based on the average net asset value of the Fund [1][2]. Distribution Policy - The Fund aims to pay a minimum annual distribution of 10% of its average net asset value, calculated from the last day of the four preceding calendar quarters [2]. - The average net asset value per share as of the last four quarters was $5.24, $5.15, $5.41, and $5.61, leading to a calculated 10% distribution amount of $0.54 [3]. Distribution Details - The declared distribution of $0.15 per share exceeds the minimum required by the distribution policy by $0.06 [3]. - The Board of Directors will continue to monitor the distribution level, which is subject to modification [4]. Tax Implications - Portions of the distribution may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% [5]. - If the Fund's earnings do not cover the total distributions, the excess will be considered a return of capital, generally not taxable [6]. Distribution Composition - For 2025, distributions to common shareholders are estimated to include approximately 6% from net investment income, 51% from net capital gains, and 43% as a return of capital [7]. - Shareholders will receive notifications regarding the components and tax treatment of distributions in early 2026 [7]. Company Overview - The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with total net assets of $2.1 billion, focusing on long-term capital growth [8].

Core Viewpoint - Neuberger Berman Real Estate Securities Income Fund Inc. has declared a distribution of $0.0312 per share, payable on October 31, 2025, with a record and ex-date of October 15, 2025 [1]. Distribution Details - The Fund plans to maintain a level distribution policy, anticipating regular monthly distributions of $0.0312 per share, subject to market conditions [2]. - Future distributions may include net investment income, net realized capital gains, and return of capital, with compliance to Section 19 of the Investment Company Act of 1940 [3]. Company Overview - Neuberger Berman is an independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [4]. - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [4].

Core Points - Neuberger Berman Next Generation Connectivity Fund Inc. has increased its monthly distribution rate to $0.12 per share from $0.10, marking a 20% increase [1] - The new monthly distribution rate translates to an annualized distribution of $1.44 per share, compared to the previous $1.20, resulting in a distribution rate of approximately 9.49% of the Fund's market price and 8.44% of its net asset value as of September 26, 2025 [2] - The Fund plans to maintain this distribution rate of $0.12 per share, subject to market conditions, but its ability to do so will depend on various factors including income stability and capital gains [3][4] Distribution Details - The next monthly distribution at the new rate is payable on October 31, 2025, with a record date of October 15, 2025, and an ex-date of October 15, 2025 [1] - Future distributions may consist of net investment income, net realized capital gains, and return of capital, with notifications provided for any distributions not solely consisting of net investment income [4] Company Overview - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $538 billion across various asset classes for global institutions and individuals [5] - The firm has been recognized as one of the best places to work in money management for eleven consecutive years [5]

Core Points - Sprott Focus Trust, Inc. has declared a quarterly distribution of $0.1274 per share, payable on September 29, 2025, to stockholders of record as of September 15, 2025 [1] - The Fund has a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs) [2] Distribution Details - The estimated sources of the upcoming distribution include $0.0453 from net investment income, $0.0040 from short-term gains, and $0.0781 from long-term gains, with no return of capital [3] - For the year-to-date 2025, the total estimated distribution per share is $0.3859, with allocations of $0.1334 from net investment income, $0.0061 from short-term gains, $0.2067 from long-term gains, and $0.0397 as return of capital [3] Fund Performance - The average annual total return of the Fund in relation to NAV for the five-year period ending August 31, 2025, is 13.00%, with an annualized current distribution rate of 5.48% [4] - The cumulative total return from December 31, 2024, to August 31, 2025, is reported, with the cumulative fiscal year distribution rate at 4.15% [6] Company Overview - Sprott Focus Trust, Inc. is a closed-end diversified investment management company, aiming for long-term capital growth by investing at least 65% of its assets in equity securities [7]

Core Points - The Board of Trustees of Ellsworth Growth and Income Fund Ltd. declared a cash distribution of $0.16 per share, payable on September 23, 2025, to shareholders of record on September 16, 2025 [1] - The Fund aims to pay the greater of an annual distribution of 5% of its trailing 12-month average month-end market price or the minimum distribution requirement set by the Internal Revenue Code for regulated investment companies [2] - The Board reviews potential distributions quarterly, considering the Fund's net asset value and market conditions, and may adjust distributions in December based on additional income and realized capital gains [3] Distribution Details - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4] - If the Fund's earnings do not cover the total distributions in a year, the excess amount will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5] - For the fiscal year ending September 30, 2025, distributions are estimated to consist of approximately 20% from net investment income and 80% from net capital gains [6] Fund Overview - Ellsworth Growth and Income Fund Ltd. is a diversified, closed-end management investment company with total net assets of $199 million, primarily investing in convertible securities and common stock [7]

Core Viewpoint - The Gabelli Equity Trust Inc. has declared a cash distribution of $0.15 per share, reaffirming its commitment to a 10% distribution policy, payable on September 23, 2025 [1]. Distribution Policy - The Fund aims to pay a minimum annual distribution of 10% of its average net asset value, calculated based on the last day of the four preceding calendar quarters [2]. - The Board of Directors reviews potential distributions quarterly, considering the Fund's net asset value and market conditions, with the policy subject to modification [3]. Tax Implications - Distributions may be treated as long-term capital gains or qualified dividend income, subject to a maximum federal income tax rate of 20% for individuals [4]. - Shareholders with income exceeding certain thresholds may incur a 3.8% Medicare surcharge on net investment income, which includes dividends and capital gains from the Fund [4]. Earnings and Return of Capital - If the Fund's earnings do not meet the total distributions, the excess amount will be considered a return of capital, generally not taxable and reducing the shareholder's cost basis [5]. - In 2025, distributions to common shareholders are estimated to consist of approximately 4% from net investment income, 26% from net capital gains, and 70% as a return of capital [6]. Company Overview - The Gabelli Equity Trust Inc. is a diversified, closed-end management investment company with total net assets of $2.1 billion, focusing on long-term capital growth [7].

Core Viewpoint - Aberdeen Investments U.S. Closed-End Funds announced distributions for shareholders, emphasizing a stable distribution policy based on current income and capital gains [1][2]. Distribution Details - The abrdn Global Infrastructure Income Fund (ASGI) paid a distribution of $0.2100 per share, while the abrdn Healthcare Opportunities Fund (THQ) paid $0.1800 per share [2]. - The distribution policy aims to provide stable returns supplemented by realized capital gains and, if necessary, paid-in capital [2]. Estimated Sources of Distributions - For ASGI, the current distribution composition includes: - Net Investment Income: $0.0315 (15%) - Net Realized Short-Term Gains: $0.0063 (3%) - Net Realized Long-Term Gains: $0.0756 (36%) - Return of Capital: $0.0966 (46%) [5] - For THQ, the current distribution composition includes: - Net Investment Income: $0.0180 (10%) - Net Realized Long-Term Gains: $0.1620 (90%) [5]. Fiscal Year to Date Cumulative Distributions - For ASGI, cumulative distributions per share are: - Net Investment Income: $0.3030 (15%) - Net Realized Short-Term Gains: $0.0606 (3%) - Net Realized Long-Term Gains: $0.7272 (36%) - Return of Capital: $0.9292 (46%) [5]. - For THQ, cumulative distributions per share are: - Net Investment Income: $0.1800 (10%) - Net Realized Long-Term Gains: $1.6200 (90%) [5]. Fund Performance - ASGI has an average annual total return on NAV of 10.29% for the 5-year period ending June 30, 2025, with a current fiscal period's annualized distribution rate of 11.40% [7]. - THQ has an average annual total return on NAV of 5.85% with a current fiscal period's annualized distribution rate of 12.13% [7]. Regulatory Compliance - The Funds are required to indicate the estimated source of certain distributions under Section 19 of the Investment Company Act of 1940 [3][4]. - The final determination of the source of all distributions will be made after the fiscal year-end [10]. Market Trading Information - Closed-end funds like ASGI and THQ are traded on secondary markets, and their investment returns may fluctuate, affecting the market price relative to NAV [14][15].

Core Points - Sprott Focus Trust, Inc. has declared a quarterly distribution of $0.1280 per share, payable on June 30, 2025, to stockholders of record as of June 13, 2025 [1] - The Fund has a Distribution Policy of paying quarterly distributions at an annual rate of 6% based on the rolling average of the prior four calendar quarter-end net asset values (NAVs) [2] - The estimated sources of the upcoming distribution include net investment income, short-term gains, and long-term gains, with specific allocations detailed [3] Distribution and Performance Information - The Fund's average annual total return in relation to NAV for the five-year period ending May 31, 2025, is 11.85%, with an annualized current distribution rate of 1.58% as of the same date [4][5] - Cumulative total return from December 31, 2024, to May 31, 2025, reflects the percentage change in NAV, assuming reinvestment of distributions [6] - The Fund's investment strategy focuses on long-term capital growth, typically investing at least 65% of its assets in equity securities [7]