Despite challenges, North American Income Trust registers strong financial performance

The North American Income Trust announced impressive financial results for the year ended 31 January 2025. Operating under the distinguished management of Janus Henderson Investors since August 2024, the trust’s dividends have exceeded expectations, providing investors with above-average dividends and long-term capital growth through shrewd handling of a portfolio consisting predominantly of S&P 500 US equities.

Performance highlights for the fiscal year included a NAV per share total return of 23.8%, up significantly from the -1.6% recorded at the end of January 2024. Simultaneously, the share price also showed a total return increase of 24.9%, a marked rise from -0.9% the previous year. Furthermore, the net assets of the company at year end were also up, amounting to £468m, in comparison to £436m at the end of January 2024.

In addition, the board succeeded in obtaining a reduction in management fees, which contributed to increased revenue for the trust. This lower fee is now payable at a rate of 0.55% on NAV up to £500 million and at 0.45% on NAV over £500 million. Moreover, a conditional tender mechanism was introduced to further boost financial results.

These results prove that even in challenging times, strategic decisions, good management, and a strong commitment to shareholder returns can lead to above-average results. It exemplifies that despite the wider challenges in the financial world, North American Income Trust had a positive year and will continue to strive for the same in the future.