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About the company
The North American Income Trust plc is a United Kingdom-based investment trust. The Company’s objective is to provide investors with dividend income and long-term capital growth through management of a portfolio consisting predominately of S&P 500 United States equities. The Company invests in a portfolio predominantly comprised of S&P 500 constituents. The Company may also invest in Canadian stocks and United States mid and small capitalization companies. The Company may invest up to 20% of its gross assets in fixed income investments, which may include non-investment grade debt. Its investment policy is to invest in all types of securities, including equities, preference shares, debt, convertible securities, warrants, depositary receipts and other equity-related securities. abrdn Inc. acts as the investment manager of the Company. abrdn Fund Managers Limited acts as its alternative investment fund manager.
- Revenue in GBP (TTM)-1.56m
- Net income in GBP-9.17m
- Incorporated1902
- Employees0.00
- LocationThe North American Income Trust plc7th Fl, 40 Princes StreetEDINBURGH EH2 2BYUnited KingdomGBR
- Websitehttps://www.northamericanincome.co.uk/en-gb
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | North America |
| ISIN | GB00BJ00Z303 |
| Launch date | 05 Jun 1997 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The company invests in a portfolio predominantly comprised of S&P 500 constituents. The company may also invest in canadian stocks and US mid and small capitalisation companies to provide for diversified sources of income. The company may invest up to 20% of its GA in fixed income investments, which may include non-investment grade debt. The investment policy is flexible, enabling it to invest in all types of securities, including (but not limited to) equities, preference shares, debt, convertible securities, warrants, depositary receipts and other equityrelated securities.
Managed by
| Francis Radano |
|---|
Management & contract fees
Management fee 0.75% of NAV up to GBP 250m, 0.6% between GBP 250m and GBP 500m and 0.5% over GBP 500m. Contract terminable on notice period of three months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Pantheon Infrastructure PLC | 56.46m | 49.59m |
| North American Income Trust PLC | -1.56m | -9.17m |
| Henderson Far East Income Limited | -1.18m | -10.35m |
| Mid Wynd International Invest Trust PLC | 42.14m | 38.61m |
| Henderson European Focus Trust PLC | 76.31m | 71.73m |
| Octopus Apollo VCT PLC | 11.03m | -435.00k |
| JPmorgn Glbl Emrgng Mrkts Incm Trust PLC | -1.91m | -10.03m |
| RTW Biotech Opportunities Ltd | 3.27m | 65.29m |
| Dunedin Income Growth Investmnt Trst PLC | 27.93m | 22.83m |
| Gresham House Energy Storage Fund PLC | -100.10m | -110.11m |
| Tatton Asset Management PLC | 36.81m | 12.92m |
| Octopus Renewables Infrastructr Trst PLC | 19.72m | 12.70m |
| Mattioli Woods plc | 115.40m | 9.91m |
| JPmorgan Claverhouse Investment Trst PLC | 33.24m | 28.22m |
| Utilico Emerging Markets Trust PLC | 70.53m | 57.89m |
| Admiral Acquisition Ltd | 0.00 | 10.78m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Rathbones Investment Management Ltd.as of 23 May 2024 | 16.16m | 12.06% |
| Hargreaves Lansdown Asset Management Ltd.as of 31 Jan 2024 | 7.11m | 5.31% |
| Canaccord Genuity Wealth Ltd.as of 02 May 2024 | 6.72m | 5.01% |
| 1607 Capital Partners LLCas of 04 Jun 2024 | 6.70m | 5.00% |
| Interactive Investor Services Ltd.as of 31 Jan 2024 | 6.46m | 4.82% |
| Brewin Dolphin Ltd.as of 01 May 2024 | 5.53m | 4.13% |
| Allspring Global Investments LLCas of 31 Jan 2024 | 4.24m | 3.16% |
| Investec Wealth & Investment Ltd.as of 02 Apr 2024 | 2.16m | 1.61% |
| J. M. Finn & Co. Ltd.as of 02 Apr 2024 | 2.07m | 1.55% |
| Legal & General Investment Management Ltd.as of 02 Apr 2024 | 1.99m | 1.48% |
