Royce Focus Trust (NASDAQ: FUND) as of April 30, 2010

Business and Finance Business and Finance

Wed, May 26, 2010

[ Wed, May 26th 2010 ] - Market Wire

Heckmann Corporation to Participate in Two Upcoming Credit Suisse Conferences

[ Wed, May 26th 2010 ] - Market Wire

Brew over Ice K-Cup Portion Packs Introduce a Cool New Way to Use Keurig Brewers

[ Wed, May 26th 2010 ] - Market Wire

MELA Sciences Announces FDA Panel to Review MelaFind(R) PMA Application on August 26, 2010

[ Wed, May 26th 2010 ] - Market Wire

A.P. Pharma Announces Changes in Management and H .. ng Consulting Practice to Lead FDA Review Process

[ Wed, May 26th 2010 ] - Market Wire

Interactive Live Chat With Dr. Robin Smith, CEO of NeoStem Scheduled to Be Held This Morning

[ Wed, May 26th 2010 ] - Market Wire

Medtronic CoreValve® System Shows Long-Term Efficacy and Durability in Pivotal Trial

[ Wed, May 26th 2010 ] - Market Wire

Sterling Financial Corporation of Spokane, Wash., .. oval of Definitive Agreements with Warburg Pincus

[ Wed, May 26th 2010 ] - Market Wire

AXcess News: Environmental Company Gives Green Consumers Something to Cheer About

[ Wed, May 26th 2010 ] - Market Wire

Appointment of Stephen Nagler to the Sernova Business Advisory Board

[ Wed, May 26th 2010 ] - Market Wire

Arco Signs Long-Term Property Access Agreement

[ Wed, May 26th 2010 ] - Market Wire

Advanced Visual Systems Announces Interactive Dat .. tion for iPad, iPhone, Blackberry, Windows Mobile

[ Wed, May 26th 2010 ] - Market Wire

MIT Contracts OSI Optoelectronics to Manufacture .. he MIT 1000 Rapid Microbial Identification System

[ Wed, May 26th 2010 ] - Market Wire

THQ Announces THQ Partners

[ Wed, May 26th 2010 ] - Market Wire

TNS and EZX Partner to Provide a Premium Solution for FX Trading

[ Wed, May 26th 2010 ] - Market Wire

Oracle(R) Buys Pre-Paid Software Assets From eServGlobal

[ Wed, May 26th 2010 ] - Market Wire

Delhaize Group Releases Third Corporate Responsibility Report

[ Wed, May 26th 2010 ] - Market Wire

ADVA OPTICAL NETWORKING SUPPORTS MANAGED WDM SERVICES FOR VIETNAM TELECOMS NATIONAL

[ Wed, May 26th 2010 ] - Market Wire

SGI Partners with Irish Centre for High-End Computing to Provide GPGPU Services

Tue, May 25, 2010

[ Tue, May 25th 2010 ] - Market Wire

EA to Open Customer Service Center in Galway, Ireland

[ Tue, May 25th 2010 ] - Market Wire

Cobalis Files Form of Order with US Bankruptcy Court Signaling Emergence from Bankruptcy

[ Tue, May 25th 2010 ] - Market Wire

Edwards Lifesciences Announces Receipt of CE Mark for Pulmonic Transcatheter Valve

[ Tue, May 25th 2010 ] - Market Wire

Southern Pacific Reports Record Cash Flow of $13 Million for the Quarter Ended March 31, 2010

[ Tue, May 25th 2010 ] - Market Wire

St. Jude Medical verpflichtet ersten Patienten fr .. Verwendung fraktioneller Flussreserve bei Patien

[ Tue, May 25th 2010 ] - Market Wire

Kearny Financial Corp. and Central Jersey Bancorp Announce Execution of Merger Agreement

[ Tue, May 25th 2010 ] - Market Wire

KCI presenter la sua gamma completa di prodotti p .. per terapia a pressione negativa in occasione de

[ Tue, May 25th 2010 ] - Market Wire

Il documento di consenso internazionale offre mag .. amento e la prevenzione delle ulcere da pressione

[ Tue, May 25th 2010 ] - Market Wire

AtheroNova Inc. Announces New Trading Symbol

[ Tue, May 25th 2010 ] - Market Wire

Radiant Communications Announces First Quarter 2010 Results

[ Tue, May 25th 2010 ] - Market Wire

Lam Research Corporation Announces Participation .. America Merrill Lynch U.S. Technology Conference

[ Tue, May 25th 2010 ] - Market Wire

Juniper Networks Announces the Date and Webcast I .. rmation of Upcoming Investor Events for June 2010

[ Tue, May 25th 2010 ] - Market Wire

Petrobank announces webcast details for annual and special meeting on May 26, 2010

[ Tue, May 25th 2010 ] - Market Wire

Franklin Wireless Teams With Samsung Electro-Mech .. Ltd as Key Manufacturer of New Broadband Modules

[ Tue, May 25th 2010 ] - Market Wire

Tarsis Resources Ltd.: Drilling Scheduled to Begin Early June at MOR

[ Tue, May 25th 2010 ] - Market Wire

Unity Management Group, Inc. Gears Up for New Hea .. Plans for Upcoming Exhibits, and Acquisition Mode

[ Tue, May 25th 2010 ] - Market Wire

Signature Devices, Inc. Issues Update Regarding Y7 Capital Partners and Other Business Operations

[ Tue, May 25th 2010 ] - Market Wire

Lorus Therapeutics Announces Completion of Share Consolidation

[ Tue, May 25th 2010 ] - Market Wire

Hatteras Financial Corp. to Present at KBW Diversified Financial Services Conference

[ Tue, May 25th 2010 ] - Market Wire

Kendall Law Group Plans Class Action on Behalf of Heckmann Corporation Shareholders

[ Tue, May 25th 2010 ] - Market Wire

CORRECTING and REPLACING CirTran Reports Gain in Sales, Sharp Reduction in Loss in First Quarter

[ Tue, May 25th 2010 ] - WOPRAI

Shiloh Industries (SHLO) Up After BUYINS.NET Report Predicted Strength After Earnings

[ Tue, May 25th 2010 ] - Market Wire

Tricon Files First Quarter Results

[ Tue, May 25th 2010 ] - Market Wire

American HomePatient Establishes June 30, 2010 as Annual Meeting Date

[ Tue, May 25th 2010 ] - Market Wire

AtriCure Announces June Investor Conference Schedule

[ Tue, May 25th 2010 ] - Market Wire

NaviSite to Release Third Quarter Fiscal Year 2010 Results

[ Tue, May 25th 2010 ] - Market Wire

Fancamp Announces Financing

[ Tue, May 25th 2010 ] - Market Wire

Cantronic Closes $500,000 Convertible Debenture Financing

[ Tue, May 25th 2010 ] - Market Wire

Herzfeld Caribbean Basin Fund, Inc. Announces Changes to Board of Directors

[ Tue, May 25th 2010 ] - Market Wire

Wells Fargo & Co., PNC Financial Group, Valley Na .. , Sterling Bancshares and First Financial Bancorp

[ Tue, May 25th 2010 ] - Market Wire

JA Solar, China Sunergy and Rentech

[ Tue, May 25th 2010 ] - Market Wire

Dole Food, Speedway Motorsports, Scripps and Comfort Systems

[ Tue, May 25th 2010 ] - Market Wire

Center Financial Announces Departure of CFO

[ Tue, May 25th 2010 ] - Market Wire

Zacks' Voice of the People highlights opportuniti .. e, Google, JPMorgan Chase & Co. and Goldman Sachs

[ Tue, May 25th 2010 ] - Market Wire

Calpine Corporation Announces Closing of Senior Secured Notes Offering

[ Tue, May 25th 2010 ] - Market Wire

NexMed Announces Expansion of Senior Business Development Team

[ Tue, May 25th 2010 ] - Market Wire

Law Offices of Howard G. Smith Announces Investig .. ehalf of Shareholders of Odyssey HealthCare, Inc.

[ Tue, May 25th 2010 ] - Market Wire

Westfield Financial, Inc. Announces Second Stock Repurchase Program

[ Tue, May 25th 2010 ] - Market Wire

SLM Corp. Vice Chairman & CEO to Speak at the 201 .. Woods Diversified Financials Conference on June 3

[ Tue, May 25th 2010 ] - Market Wire

Modine Board Adds Three New Directors

[ Tue, May 25th 2010 ] - Market Wire

Eric C. Fast Elected to Regions Board of Directors

[ Tue, May 25th 2010 ] - Market Wire

Sprott Physical Gold Trust Announces Follow-On Offering of 18,000,000 Trust Units

[ Tue, May 25th 2010 ] - Market Wire

Incyte Appoints Wendy Dixon, Ph.D., to Its Board of Directors

[ Tue, May 25th 2010 ] - Market Wire

IXYS Corporation Announces Record Backlog in Fourth Fiscal Quarter Ended March 31, 2010

[ Tue, May 25th 2010 ] - Market Wire

Commander Starts Baffin Drilling Program and Announces Senior Management Change

[ Tue, May 25th 2010 ] - Market Wire

POZEN Announces Receipt of $20 Million Milestone Payment from AstraZeneca

[ Tue, May 25th 2010 ] - Market Wire

Humana Military Healthcare Services Joins Busines .. to Promote Business Practices in the Global Marke

[ Tue, May 25th 2010 ] - Market Wire

EURO Ressources : RESULTS OF THE 2009 ANNUAL ORDI .. ERAL MEETING OF SHAREHOLDERS HELD ON MAY 17, 2010

[ Tue, May 25th 2010 ] - Market Wire

Lippincott and CA Technologies Partner to Unveil New Brand Positioning, Name and Logo

[ Tue, May 25th 2010 ] - Market Wire

TrustCash Announces Development of a Proprietary .. evice Manager to Support Over 5000 Mobile Devices

[ Tue, May 25th 2010 ] - Market Wire

Impax Laboratories Announces Voting Results from 2010 Annual Meeting of Stockholders

[ Tue, May 25th 2010 ] - Market Wire

Law Office of Brodsky & Smith, LLC Announces Investigation of Odyssey Healthcare, Inc.

[ Tue, May 25th 2010 ] - Market Wire

Xerium Technologies Completes Balance Sheet Restructuring

[ Tue, May 25th 2010 ] - Market Wire

Salary.com Announces Fourth Quarter and Fiscal 2010 Financial Results

[ Tue, May 25th 2010 ] - Market Wire

Extra Space Storage Inc. Announces Second Quarter 2010 Dividend

[ Tue, May 25th 2010 ] - Market Wire

GTx Announces Top Line Results of Phase III Clini .. ne 20 mg for the Prevention of Prostate Cancer in

[ Tue, May 25th 2010 ] - Market Wire

75% of Treatment-Nave Patients with Chronic Hepat .. e) with Telaprevir-Based Treatment in Phase 3 Tri

[ Tue, May 25th 2010 ] - Market Wire

Invesco Mortgage Capital Inc. Presenting at Keefe .. ied Financial Services Conference on June 3, 2010

[ Tue, May 25th 2010 ] - Market Wire

Fred Abdula Retires as Chairman of the Board of N .. oration and NorStates Bank; Allan J. Jacobs, CPA,

[ Tue, May 25th 2010 ] - Market Wire

Flint Telecom Group Announces Third Fiscal Quarter Results

[ Tue, May 25th 2010 ] - Market Wire

Tempco, Inc. Announces Non-Binding Letter of Intent With The Program, LLC

[ Tue, May 25th 2010 ] - Market Wire

UMC Uses Silicon Frontline's Field Solver to Generate Reference Extraction Data

[ Tue, May 25th 2010 ] - Market Wire

the little bank Announces Cash Dividend of $0.075 Per Share Today

[ Tue, May 25th 2010 ] - Market Wire

Wells Fargo to Participate in Sanford C. Bernsteina?s 26th Annual Strategic Decisions Conference

[ Tue, May 25th 2010 ] - Market Wire

Diamond Drilling Results on Tagami Property Indicate Good Gold Potential

[ Tue, May 25th 2010 ] - Market Wire

Danvers Bancorp, Inc. Names McCurdy Executive Vice President

[ Tue, May 25th 2010 ] - Market Wire

Park Electrochemical Corp. Announces the Appointments of Senior Technical Positions

[ Tue, May 25th 2010 ] - Market Wire

Macro Enterprises Inc. Announces 2010 First Quarter Results

[ Tue, May 25th 2010 ] - Market Wire

Est©e Lauder Companies Announces Final Results of Debt Tender Offer

[ Tue, May 25th 2010 ] - Market Wire

St. Jude Medical schrijft eerste patint in klinis .. rzoek naar gebruik Fractional Flow Reserve bij pa

[ Tue, May 25th 2010 ] - Market Wire

St. Jude Medical iscrive il primo paziente alla s .. II per studiare la?uso della tecnologia a riserva

[ Tue, May 25th 2010 ] - Market Wire

St. Jude Medical inscribe a primer paciente en en .. diar la utilizacin de la tecnologa de reserva fra

[ Tue, May 25th 2010 ] - Market Wire

Angiotech';s licensee, Cook Medical, announces si .. percent SFA vessel patency for Zilver(R) PTX(TM)

[ Tue, May 25th 2010 ] - Market Wire

LNB Bancorp, Inc. Declares Second Quarter Dividend

[ Tue, May 25th 2010 ] - Market Wire

North American Gem Inc. Has Submitted the Granny .. n to the Kentucky Department of Natural Resources

[ Tue, May 25th 2010 ] - Market Wire

U.S. Sixth Circuit Court of Appeals Rules in Favor of Tennessee Commerce Bancorp

[ Tue, May 25th 2010 ] - Market Wire

Hana Mining Ltd. Announces Revisions to Arrangement for Spin-Out of New Hana Copper Mining Ltd.

[ Tue, May 25th 2010 ] - Market Wire

Galway increases its land position by 67% in California, Colombia

[ Tue, May 25th 2010 ] - Market Wire

B2Digital Appoints Atlanta Capital Partners, LLC for Investor Relations

[ Tue, May 25th 2010 ] - Market Wire

Green Bridge Industries, Inc. Increases Assets for the First Quarter by Over 55%

[ Tue, May 25th 2010 ] - Market Wire

Bridge Bank Provides $4.85 Million New Credit Facility to Clements Support Services, Inc.

[ Tue, May 25th 2010 ] - Market Wire

RPC Director Edward Arquilla, M.D. Ph.D. Passes Away

[ Tue, May 25th 2010 ] - Market Wire

Hop-on; USAcig: Hop-on and USAcig Announce Shipment of Products to 600 Michigan Stores

[ Tue, May 25th 2010 ] - Market Wire

Colgate-Palmolive Webcasts Presentation at the Sa .. nstein 26th Annual Strategic Decisions Conference

[ Tue, May 25th 2010 ] - Market Wire

Rubicon Financial Announces Results of Operations for March 31, 2010

[ Tue, May 25th 2010 ] - Market Wire

State Street Recognized for Sustainability and Service Delivery Initiatives

[ Tue, May 25th 2010 ] - Market Wire

Clinical Data, Inc. Announces Vilazodone Data Fea .. ychiatric Association and Society of Biological P

[ Tue, May 25th 2010 ] - Market Wire

Macedonia Purchases Six ZNOSE Model 4500 Portable Instruments

[ Tue, May 25th 2010 ] - WOPRAI

Hurray Holding (HRAY) Expected To Be Higher After Earnings Release on Thursday

[ Tue, May 25th 2010 ] - Market Wire

Matamec's Update About Metallurgical Work On The Rare Earth-Yttrium-Zirconium Kipawa Deposit

[ Tue, May 25th 2010 ] - WOPRAI

COST, GES, DMND, GCO, ADPT, NASB Expected To Be Higher After Earnings Releases on Thursday

[ Tue, May 25th 2010 ] - Market Wire

Minera IRL Limited: Result of Extraordinary General Meeting

[ Tue, May 25th 2010 ] - Market Wire

DealerTrack to Present at the Cowen and Company 38th Annual Technology Media & Telecom Conference

[ Tue, May 25th 2010 ] - WOPRAI

BCSI, MNRO, HGG, TMRK, MOV, DITC Expected To Be Lower After Earnings Releases on Thursday

[ Tue, May 25th 2010 ] - Market Wire

FIMALAC : First-Half Fiscal 2010 Results

[ Tue, May 25th 2010 ] - Market Wire

Textron Defense Systemsa? Unattended Ground Senso .. al Production After Positive Milestone C Decision

[ Tue, May 25th 2010 ] - Market Wire

U.S. Patent for Faceplate That Enables Quick Remo .. n Device Issued to TeleCommunication Systems, Inc

[ Tue, May 25th 2010 ] - Market Wire

Intervest Bancshares Corporation Announces the Sa .. forming and Underperforming Assets and the Sale o

[ Tue, May 25th 2010 ] - Market Wire

Thousands of Psychiatric Solutions, Inc. Workers Wear Yellow to Raise Awareness of Mental Health

[ Tue, May 25th 2010 ] - Market Wire

Macada Holding, Inc. Offers Company Update

[ Tue, May 25th 2010 ] - WOPRAI

TTI Team Telecom (TTIL) Down After BUYINS.NET Report Predicted Weakness After Earnings

[ Tue, May 25th 2010 ] - Market Wire

Fortinet's FortiGate Multi-Threat Security Solutions Receive Positive Technology Audit From Ovum

[ Tue, May 25th 2010 ] - Market Wire

iRobot Seaglider Collecting Valuable Data in the Gulf of Mexico

[ Tue, May 25th 2010 ] - Market Wire

Bernstein Liebhard LLP Announces Filing of Action .. Behalf of Investors in Goldman Sachs Group, Inc.

[ Tue, May 25th 2010 ] - Market Wire

W2 Energy Purchases Agri-Green Biodiesel

[ Tue, May 25th 2010 ] - Market Wire

Forecasters Predict Busier Than Normal Hurricane Season

[ Tue, May 25th 2010 ] - Market Wire

Insomniac Games Selects EA Partners for New Publishing Agreement

[ Tue, May 25th 2010 ] - Market Wire

SK3 Group, Inc. Announces $5M Sale of Biomolecules to SuperFruit BioSciences, Inc.

[ Tue, May 25th 2010 ] - Market Wire

MedAssets to Provide Spend Management Solutions to RehabCare

[ Tue, May 25th 2010 ] - Market Wire

Royce Micro-Cap Trust (NYSE: RMT) as of April 30, 2010

[ Tue, May 25th 2010 ] - Market Wire

Royce Focus Trust (NASDAQ: FUND) as of April 30, 2010

Royce Focus Trust (NASDAQ: FUND) as of April 30, 2010

^{Published on 2010-05-25 08:05:25 - Market Wire}

NEW YORK--([ BUSINESS WIRE ])--Royce Focus Trust (NASDAQ: FUND):


Closing Prices a" April 30, 2010

NAV			$7.67
MKT			$6.90


Total Return Performance
Periods ended April 30, 2010			NAV					MKT

1 Month*			3.37	%				3.45	%
Year to Date*			7.12					9.00
One-Year			52.18					39.39
Three-Year Average Annual			-2.14					-7.18
Five-Year Average Annual			9.45					6.20
Ten-Year Average Annual			11.90					13.38

*Not Annualized


Portfolio Diagnostics

Wtd. Average Geometric Market Cap			$2573 million
Wtd. Average P/E Ratio:			15.9x*
Wtd. Average P/B Ratio:			2.0x
Net Assets Attributable to Common Stock:			$177 million
Net Leverage:			1 %

*The Fundsa� P/E ratio calculations exclude companies with zero or negative earnings.

Net leverage is the percentage, in excess of 100%, of the total value of equity type investments, divided by net assets, applicable to common stock.


Portfolio Composition

Top 10 Positions				% of Net Assets

1. Berkshire-Hathaway, Inc.				4.1	%
2. Seabridge Gold				3.4
3. Sanderson Farms				3.2
4. Kennedy Wilson Holdings				2.9
5. Reliance Steel & Aluminum				2.9
6. Buckle (The)				2.9
7. GrafTech International				2.6
8. Nucor Corp.				2.4
9. Unit Corp				2.4
10. Mosaic Company (The)				2.4


Top Five Industries				% of Net Assets
1. Natural Resources				27	%
2. Industrial Products				21
3. Financial Services				11
4. Consumer Products				9
5. Industrial Services				8

Recent Developments

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 June 23, 2010 to stockholders of record at the close of business on June 7, 2010 (ex-dividend June 3, 2010).

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) and whose shares of 6.00% Cumulative Preferred Stock are listed and traded on the NYSE (RFO.pra). The Fund's investment goal is long-term capital growth, which it seeks by normally investing at least 75% of its assets in equity securities.

Daily net asset values (NAVs) for Royce Focus Trust are now available on our website and online through most ticker symbol lookup services and on broker terminals under the symbol XFUNX. For more information, please call The Royce Funds at (800) 221-4268 or visit our website at [ www.roycefunds.com ].