Edison review on The North American Income Trust

RNS Number : 2446M

North American Income Trust (The)

11 October 2016

 

London, UK, 11 October 2016

Edison issues research review on The North American Income Trust (NAIT)

The North American Income Trust (NAIT) adopted an active strategy in 2012, aiming to generate above-average income and long-term capital growth primarily from investment in US and selected Canadian equities. NAIT's performance has been particularly strong over the last 12 months in absolute terms and relative to its S&P 500 index benchmark and its NAV total return is ahead of the peer group average over one, three, five and 10 years. NAIT has a progressive dividend policy - annual dividends have compounded by 19.2% pa over the last three years and during this time there have been regular additions to revenue reserves.

Since the market turmoil following the UK's EU referendum, NAIT's share price discount to cum-income NAV has narrowed below its 12-month average of 10.7%. However, its current discount of 9.2% is wider than the averages of the last three, five and 10 years of 7.3%, 6.1% and 5.5% respectively. NAIT has a progressive dividend policy; following the investment mandate change in 2012, annual dividends have compounded at an annual rate of 19.2%. The current dividend yield of 3.1% compares favourably with the peer group.  

Click here to view the full report

All reports published by Edison are available to download free of charge from its website: www.edisoninvestmentresearch.com

About Edison: Edison is an international equity research firm with a team of over 70 analysts, investment and roadshow professionals and works with both large and smaller capitalised companies, blue chip institutional investors, wealth managers, private equity and corporate finance houses to support their capital markets activity. Edison provides services to more than 420 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

Contact details: Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn	www.linkedin.com/company/edison-investment-research
Twitter	www.twitter.com/Edison_Inv_Res
YouTube	www.youtube.com/edisonitv
Google+	https://plus.google.com/105425025202328783163/posts

 

END

 

 

NRABFLFFQBFEFBF