Result of AGM

North American Income Trust (The)

17 June 2026

 

JANUS HENDERSON FUND MANAGMENT UK LIMITED

THE NORTH AMERICAN INCOME TRUST PLC

LEGAL ENTITY IDENTIFIER: 5493007GCUW7G2BKY360

17 June 2026

THE NORTH AMERICAN INCOME TRUST PLC

("The Company")

Annual General Meeting held on

Wednesday 17 June 2026

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, five 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);

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

-     the Company, subject to the approval of the High Court of Justice, to cancel the amount standing to the credit of the share premium account of the Company and that amount be credited to a reserve of the Company; and

-     the Company, subject to the approval of the High Court of Justice, to cancel the amount standing to the credit of the capital redemption reserve of the Company and that amount be credited to a reserve of the Company.

The full text of all the resolutions can be found in the Notice of Meeting on pages 86 and 87 of the Annual Report for the year ending 31 January 2026, 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	41,022,158	99.92	34,891	0.08	41,057,049	35.79%	27,892
2.   Approve the Directors' Remuneration Report	40,786,698	99.54	189,205	0.46	40,975,903	35.72%	109,038
3.   Approve the Directors' Remuneration Policy	40,765,987	99.62	155,774	0.38	40,921,761	35.67%	138,180
4.   To elect John Adebiyi as a Director	40,883,696	99.75	102,614	0.25	40,986,310	35.73%	98,631
5.   To re-elect Bulbul Barrett as a Director	40,850,248	99.66	137,773	0.34	40,988,021	35.73%	96,920
6.   To re-elect Patrick Edwardson as a Director	40,917,452	99.83	70,493	0.17	40,987,945	35.73%	96,996
7.   To re-elect Karyn Lamont as a Director	40,896,463	99.76	97,094	0.24	40,993,557	35.74%	91,384
8.   To re-elect Susannah Nicklin as a Director	40,909,488	99.73	109,145	0.27	41,018,633	35.76%	66,308
9.   To re-appoint PricewaterhouseCoopers LLP as statutory auditors	40,810,080	99.58	172,322	0.42	40,982,402	35.73%	102,539
10. Authorise the Audit Committee to determine the statutory auditor's remuneration	40,963,166	99.92	31,835	0.08	40,995,001	35.74%	89,940
11. Approve the Company's dividend policy	41,014,831	100.00	1,960	0.00	41,016,791	35.76%	68,150
12. Authority to allot relevant securities	40,981,969	99.86	55,409	0.14	41,037,378	35.77%	47,563
13. *Authority to disapply pre-emption rights	40,910,689	99.74	107,593	0.26	41,018,282	35.76%	66,659
14. *Authority to repurchase ordinary shares	40,938,842	99.72	116,433	0.28	41,055,275	35.79%	29,666
15. *14 days' notice for a General Meeting	40,935,681	99.74	104,668	0.26	41,040,349	35.78%	44,592
16. *Cancellation of share premium account	40,969,822	99.95	21,431	0.05	40,991,253	35.73%	93,688
17. *Capital redemption reserve	40,944,746	99.89	46,507	0.11	40,991,253	35.73%	93,688

* special resolution

The number of ordinary shares in issue at the date of this announcement is 126,923,569, of which 12,239,752 shares are held in treasury. As at the date of this announcement the Company's total voting rights therefore comprises 114,683,817 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.

As announced on 9 February 2026, Charles Park, who has served on the Board for 9 years, retired with effect from the conclusion of the Annual General Meeting. Patrick Edwardson succeeded Charles Park as Chairman of the Board and Chairman of the Board's Nominations and Management Engagement Committees. 

The Company is pleased to announce that Susannah Nicklin succeeds Patrick Edwardson as the Senior Independent Director with immediate effect.

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: [phone]

 

END