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NAIT North American Income Trust (the) Plc

294.00
4.00 (1.38%)
28 Mar 2024 - Closed
Delayed by 15 minutes
North American Income Investors - NAIT

North American Income Investors - NAIT

Share Name Share Symbol Market Stock Type
North American Income Trust (the) Plc NAIT London Ordinary Share
  Price Change Price Change % Share Price Last Trade
4.00 1.38% 294.00 16:35:25
Open Price Low Price High Price Close Price Previous Close
291.00 291.00 294.00 294.00 290.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 18/2/2021 07:01 by cartan1blue
I would be interested in views out there. This trust has been underperforming for quite some time now, and as the Board is doing nothing about it, investors appear to be voting with their wallets. At least that's what the discount to NAV suggests. Is there a case for a campaign for discontinuation? Views?
Posted at 10/2/2021 12:27 by peterbill
[...]

Top 10 Holdings (31/12/2020)Rank Largest Holdings %1 ABBVIE INC 5.602 CITIGROUP INC 4.303 BRISTOL MYERS SQUIBB SA 4.304 PHILIP MORRIS INTERNATIONAL INC 4.305 VERIZON COMMUNICATIONS INC 3.906 MEDTRONIC INC 3.707 JPMORGAN CHASE & CO 3.508 TC ENERGY CORP 3.209 CISCO SYSTEMS INC 3.1010 OMEGA HEALTHCARE INVESTORS 2.80Breakdown of Assets %1 US Equities 87.402 Canadian Equities 8.103 Money Market 5.604 Money Market -1.10
Posted at 11/4/2019 06:22 by 29palms
Final figs today make nice reading with increase in Final Dividend to 18p per share.

This should form part of any investor portfolio looking for exposure to S&P 500 stocks.

As always, DYOR
Posted at 15/11/2016 17:49 by 29palms
Wow what a day here!!!
New intra day high of £12.40 on share price and settled to close at all time high of £11.92 along with a 20p rise on NAV(including income)to £12.54, also an all time high.
Even tonight some of the trusts holdings are showing some nice gains again which can only boost NAV further.
IMO, a really inexpensive way to gaining exposure to USA stocks and should form a part of any investors portfolio.
But as always, DYOR
Posted at 31/7/2016 16:36 by 29palms
From the year end annual results 31st January 2016-

The Company’s share price fell by 5.8% to 815.0p and
ended the year at a 12.9% discount to total net asset
value, compared with a 7.9% discount at the end of the
2015 financial year. This is far from ideal and the Board
continues to work with the Manager in both promoting
the Company’s benefits to a wider audience and providing
liquidity to the market through the use of share buybacks.
During the year 2.9 million shares were repurchased at a
cost of £24.5 million. Since the year-end, a further
848,700 shares have been repurchased at a cost of £7.1
million and the discount as at 22 March 2016 was 10.8%.

So judging by these comments the Manager would probably be looking at Discount around 7.9% to NAV to equal year end 2015.
I have to say again share price should be trading way above £11.00 and this should be a core holding for any investor looking for exposure to the US given happenings since BREXIT.
ST today even has a report on the beauty of investing in America by Ian Cowie
DYOR

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