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 its liabilities, per share) was 435.3p at close of business on September 29, 2026. This uses the AIC formula, the Association of Investment Companies' method, and includes current financial year revenue items while excluding treasury shares (shares the company holds itself).

Key details

  • On the same basis but with its debt valued at fair value (an estimate of what the debt is worth today rather than its face value), net asset value per share was 439.4p.
  • Excluding current financial year revenue items and treasury shares, unaudited net asset value per share was 429.1p, or 433.1p with debt marked at fair value.
  • The debt valued at fair value is the company's 2.7% senior unsecured 2030 notes and 2.96% senior unsecured 2035 notes, which are bonds not backed by specific assets.
  • The company estimates the notes' fair value using a discount rate based on the redemption yield of the relevant US Treasury plus a credit spread taken from ICE BofA Single-A US Corporate indices. The rate is updated monthly and applied daily.

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

On 6ix: 6ix.com/news/net-asset-values-1830

North American Income Trust (The)
30 September 2026
 

Trust Name

THE NORTH AMERICAN INCOME TRUST PLC

Legal Entity Identifier

5493007GCUW7G2BKY360

NAV Details

As at close of business on 29 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 435.3p and the net asset value per share with debt marked at fair value was 439.4p.

As at close of business on 29 September 2026, the unaudited net asset value per share (excluding current financial year revenue items and shares held in treasury) was 429.1p and the net asset value per share with debt marked at fair value was 433.1p.

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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North American Income Trust PLC GBP Ord.Shs on 6ix