On 6.0% Cumulative Preferred Stock
Royce & Associates, Inc.
New York, August 23, 2006 -- Royce Focus Trust, Inc. has declared a cash dividend of $0.375 per share on its Cumulative Preferred Stock, based on an annual rate of 6.00% of the initial liquidation preference of $25.00 per share. The dividend is to be paid on September 25, 2006 to stockholders of record at the close of business on September 6, 2006 (ex-dividend September 1, 2006).
The Preferred Stock, which trades on the New York Stock Exchange under the symbol "RFO.pra," is rated 'aaa' by Moody's and has an annual dividend rate of $1.50 per share.
The Fund expects to report a portion of the distribution as long-term capital gains for tax purposes. Long-term capital gains will be allocated pro-rata to all distributions for the year. The final determination of the source of all distributions in 2006 will be made at the end of the year.
Royce Focus Trust, Inc. is a closed-end diversified management investment company whose shares of Common Stock are listed and traded on the Nasdaq National Market (FUND) and whose shares of Preferred Stock are listed and traded on the New York Stock Exchange (RFO.pra). The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 65% of its assets in equity securities.
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