Prospectus excerpt:  The 6.00% Cumulative Preferred Stock initial liquidation preference $25.00 per share (the "Cumulative Preferred Stock") is being offered by Royce Focus Trust, Inc. (the "Fund"). The Fund is a closed-end diversified management investment company. The Fund's investment goal is long-term capital growth. The Fund normally invests at least 75% of its assets in equity securities.