Annual Overview from QuotedData
01/12/2023 10:52
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231201:nRSA4059Va&default-theme=true RNS Number : 4059V North American Income Trust (The) 01 December 2023 North American Income Trust - Annual Overview from QuotedData 1(st) December 2023 The port in the storm America is still showing signs of the 'exceptionalism' it covets, by being in better economic health than its developed peers, as is evidenced by its stronger gross domestic product (GDP) growth and better controlled inflation. Yet it is not all plain sailing for US equity investors, as Fran Radano, the manager of North American Income Trust (NAIT), points out. He believes that cracks are starting to show in the US's economic outlook, but the market is yet to reflect this. Given that this is coupled with what Fran believes are exuberantly-high equity valuations in segments of the US market, he has rotated NAIT into more defensive stocks. In addition, he thinks that NAIT's value-bias is better suited to the central bank's (the Federal Reserve or 'Fed') 'higher for longer' attitude towards interest rates. Irrespective of NAIT's current positioning, its share price discount to net asset value (NAV) and value-style bias do offer a compelling opportunity for investors looking to capitalise on these trends. NAIT continues to offer the attractive dividend profile that has long characterised it, with a 4.3% yield and 12 years of progressive dividend increases, and is supported by a robust revenue reserve. Full Research: https://quoteddata.com/research/north-american-income-trust-port-storm-qd/ (https://quoteddata.com/research/north-american-income-trust-port-storm-qd/) This research is also available free on our website www.quoteddata.com (http://www.quoteddata.com) where you will also find news, performance data and factsheets on every London listed Investment Company. QuotedData writes and distributes research on a number of quoted companies, facilitates meetings between those companies and existing and potential investors and assists in raising additional capital where required. NB: Marten & Co was paid to produce this note on North American Income Trust Plc and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority. QUOTEDDATA 50 Gresham Street | London EC2V 7AY Tel: +44 (0) 20 3691 9430 www.quoteddata.com (http://www.quoteddata.com) | research@quoteddata.com (mailto:research@quoteddata.com) | www.martenandco.com (http://www.martenandco.com) This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NRAUPGGAPUPWGUG