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29 July 2024

The North American Income Trust Plc

Update on Investment Management Arrangements

Further to the announcement on 9 May 2024, the Board is pleased to announce that the North American Income Trust (the "Company") has appointed Janus Henderson Fund Management UK Limited as its new AIFM and Investment Manager with effect from 1 August 2024.

Jeremiah Buckley will be appointed as portfolio manager of the Company on 1 August 2024. Fran Radano, who was portfolio manager of the North American Income Trust at abrdn, will join Janus Henderson and is expected to become co-manager of the Company alongside Jeremiah in November 2024.

Jeremiah Buckley is a portfolio manager in Janus Henderson's US equities team and is based in its Denver office. He currently manages a series of US equity focused strategies including Growth & Income and Dividend Income strategies. He has 26 years' experience in financial services as both a research analyst and, for the past 8 years, as a portfolio manager.

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