North American Income Trust (The) Share buy-back engagement
21 Mai 2024 - 8:00AM
RNS Regulatory News
RNS Number : 1838P
North American Income Trust (The)
21 May 2024
21 May 2024
The North
American Income Trust plc
Share buy-back
engagement
The North American Income Trust plc
(the "Company") announces
that it has appointed Winterflood Investment Trusts
("Winterflood") to act as buy-back agent to effect market purchases on behalf
of the Company for the period until 31 July 2024.
The Company recently announced that
it has agreed heads of terms to appoint Janus Henderson Fund
Management UK Limited as its new AIFM and Investment Manager. As it
has been for some time, the Board is mindful of the discount to Net
Asset Value at which the Company's shares trade and believes that
it is in shareholders' interests to continue to implement share
buybacks during the transition to Janus Henderson over the next few
months with a view to narrowing the discount and enhancing Net Asset Value per share for ongoing
shareholders.
Pursuant to and during the term of
the appointment, Winterflood may independently of, and without
influence by, the Company, effect on-market purchases of the
Company's shares from time to time at its absolute discretion,
subject to certain parameters.
Any shares purchased pursuant to the
Share Repurchase Programme will be under the Company's general buy
back authority of 14.99% of the Company's issued share capital, as
approved at the Company's 2023 AGM, or similar authority to be
sought at the 2024 AGM.
Enquiries:
The
North American Income Trust plc
abrdn Holdings Limited,
Secretaries
|
cef.cosec@abrdn.com
|
Winterflood Investment Trusts
Neil
Morgan
|
020 3100 0000
|
Legal Entity Identifier (LEI):
5493007GCUW7G2BKY360
|
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