NAIT North American Income Trust (the) Plc

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: