NORTH AMERICAN INCOME TST (THE) PLC

Director's Dealing • Jun 3, 2025

National Storage Mechanism | Additional information

RNS Number : 2680L

North American Income Trust (The)

03 June 2025

JANUS HENDERSON FUND MANAGMENT UK LIMITED

THE NORTH AMERICAN INCOME TRUST PLC

LEGAL ENTITY IDENTIFIER: 5493007GCUW7G2BKY360

3 June 2025

THE NORTH AMERICAN INCOME TRUST PLC

("The Company")

Annual General Meeting held on

Tuesday 3 June 2025

The North American Income Trust plc announces that at the Annual General Meeting held earlier today all resolutions proposed were duly passed on a poll, three of which were special resolutions authorising:

-     the Directors to allot or to sell from treasury up to 10% of the issued ordinary share capital without first offering them to existing shareholders in accordance with statutory pre-emption procedures;

-     the Company to make market purchases of up to 14.99% of the Company's ordinary share capital (excluding treasury shares); and

-     the Company to hold general meetings other than an Annual General Meeting on not less than 14 clear days' notice .

The full text of all the resolutions can be found in the Notice of Meeting on pages 82 and 83 of the Annual Report for the year ending 31 January 2025, copies of which are available for viewing at https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

The proxy votes received in relation to each resolution were as follows:

Resolutions	Votes for (including at Chairman's discretion)	%	Votes against	%	Total votes cast (excluding votes withheld)	Total Votes Cast (excluding votes withheld) as a percentage of total voting rights	Votes withheld
1.    Annual Report and audited financial statements	39,584,633	99.99	3,374	0.01	39,588,007	32.63	31,178
2.    Approve the Directors' Remuneration Report	39,338,329	99.55	177,018	0.45	39,515,347	32.57	103,838
3.    To elect Bulbul Barrett as a Director	39,420,846	99.81	76,503	0.19	39,497,349	32.56	121,836
4.    To re-elect Charles Park as a Director	38,608,712	97.71	906,436	2.29	39,515,148	32.57	104,037
5.    To re-elect Patrick Edwardson as a Director	38,604,878	97.70	910,270	2.30	39,515,148	32.57	104,037
6.    To re-elect Karyn Lamont as a Director	38,579,088	97.63	936,060	2.37	39,515,148	32.57	104,037
7.    To re-elect Susannah Nicklin as a Director	38,598,292	97.63	935,057	2.37	39,533,349	32.59	85,836
8.    To re-appoint PricewaterhouseCoopers LLP as statutory auditors	39,432,887	99.82	71,274	0.18	39,504,161	32.56	115,024
9.    Authorise the Audit Committee to determine the statutory auditor's remuneration	39,494,973	99.93	27,740	0.07	39,522,713	32.58	96,472
10.  Approve the Company's dividend policy	39,538,293	100.00	-	0.00	39,538,293	32.59	80,892
11.  Authority to allot relevant securities	39,472,985	99.84	64,272	0.16	39,537,257	32.59	81,928
12.  *Authority to disapply pre-emption rights	39,418,060	99.66	133,566	0.34	39,551,626	32.60	67,559
13.  *Authority to repurchase ordinary shares	39,486,198	99.81	76,691	0.19	39,562,889	32.61	56,296
14.  *14 days' notice for a General Meeting	39,459,800	99.72	111,577	0.28	39,571,377	32.62	47,808

* special resolution

The number of ordinary shares in issue at the date of this announcement is 126,923,569, of which 5,613,733 shares are held in treasury. As at the date of this announcement the Company's total voting rights therefore comprises 121,309,836 shares with one vote each.

A copy of the special business resolutions will be submitted to the National Storage Mechanism ("NSM") and will shortly be available for inspection on the NSM's website at:

https://data.fca.org.uk/#/nsm/nationalstoragemechanism .

Further to the announcement of 29 July 2024 appointing Winterflood Investment Trusts to continue to act as buy-back agent to effect market purchases at its absolute discretion and of on behalf the Company from 1 August 2024, the Board has ended this instruction with effect from today.  Responsibility for day-to-day operation of buyback instructions passes to Janus Henderson, which aligns with the practice of other investment trust clients of Janus Henderson, although the Board retains ultimate responsibility for buy back decisions and the Company's discount management policy.  Any shares repurchases will be made pursuant to the Company's general buy back authority approved at the Company's AGM today.

For further information, please call:

Janus Henderson Secretarial Services UK Limited Corporate Secretary to The North American Income Trust plc 020 7818 1818
Harriet Hall PR Director, Investment Trusts Janus Henderson Investors Telephone: 020 7818 2919

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