November 23, 2012 at 10:37 AM EST
Royce Focus Trust, Inc. (Nasdaq - FUND) Declares Fourth Quarter Common Stock Distribution of $0.17 Per Share

Royce Focus Trust, Inc. (Nasdaq - FUND) has declared a distribution of $0.17 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 24, 2012 to stockholders of record at the close of business on December 6, 2012 (ex-dividend on December 4, 2012). The price of shares issued for reinvestment will be determined on December 13, 2012.

The Fund has a policy of paying quarterly distributions on its Common Stock. Distributions are being made at the annual rate of 5% of the rolling average of the prior four calendar quarter-end NAVs, with the fourth quarter distribution being the greater of 1.25% of the rolling average or the minimum distribution required by IRS regulations.

Total distributions to Common Stockholders declared in 2012 were $0.41 per share. For Federal income tax purposes, approximately 81% of the 2012 distributions will be characterized as long-term capital gains and 19% as qualified dividend income. Final characterization will be determined at year-end and reported on 1099s.

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 (Nasdaq - FUND). 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.

For further information on The Royce Fundssm, please visit our web site at: www.roycefunds.com.

Contacts:

Royce Focus Trust, Inc.
John D. Diederich, 800-348-1414
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