North American Income Trust PLC GBP Ord.ShsLSE: NAIT

North American Income Trust PLC GBP Ord.Shs: Net Asset Value(s)

· Issued by North American Income Trust PLC GBP Ord.Shs via RNS

Summary by 6ix AI

The North American Income Trust plc said its unaudited net asset value per share (the value of its assets minus liabilities, per share) was 430.2p at close of business on September 30, 2026. This figure includes current financial year revenue items and excludes shares held in treasury.

Key details

  • With the trust's debt valued at its estimated fair value (market value), the net asset value per share was 435.0p at the same date.
  • Excluding current financial year revenue items and treasury shares, the unaudited net asset value per share was 423.3p, or 428.2p with debt at fair value.
  • The fair value of debt is the trust's estimate for its 2.7% senior unsecured notes due 2030 and 2.96% senior unsecured notes due 2035. It uses a discount rate based on the relevant US Treasury yield plus a credit spread taken from ICE BofA single-A US corporate bond indices.
  • The discount rate is updated monthly and applied daily to calculate the published fair value net asset values.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/net-asset-values-1829

North American Income Trust (The)
01 October 2026
 

Trust Name

THE NORTH AMERICAN INCOME TRUST PLC

Legal Entity Identifier

5493007GCUW7G2BKY360

NAV Details

As at close of business on 30 September 2026, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items and excluding shares held in treasury) was 430.2p and the net asset value per share with debt marked at fair value was 435.0p.

As at close of business on 30 September 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 423.3p and the net asset value per share with debt marked at fair value was 428.2p.

Debt marked at fair value is the Company's estimate of the "fair value" of its senior unsecured notes. The current estimated fair value of the Company's senior unsecured notes is based on a discount rate calculated using the redemption yield of the relevant US Treasury plus a credit spread determined by the month-end difference in redemption yields of the ICE BofA 3-5 Year Single-A US Corporate Index for the 2.7% senior unsecured 2030 notes and the ICE BofA 5-10 Year Single-A US Corporate Index for the 2.96% senior unsecured 2035 notes. The discount rate is calculated and updated monthly and applied daily to determine the Company's published fair value NAVs.

For further information,

please call

Janus Henderson Secretarial Services UK Limited

Corporate Secretary

Telephone: 020 7818 1818
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