Tender Offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN.

BLACKROCK NORTH AMERICAN INCOME TRUST PLC

Tender Offer

Following shareholder consultation in April and consistent with the new discount policy subsequently adopted, the Board of BlackRock North American Income Trust plc (the ‘Company’) announces that it has decided not to implement a semi-annual tender offer in January 2016.  Over the six months to 31 October 2015, the average discount to net asset value (‘NAV’) on a cum income basis was 8.7% and ranged from a discount of 2.3% to 11.2%. The current discount on a cum income basis is 9.3%.

The Board will continue to monitor the Company’s discount to NAV and use its buy back authority when appropriate, with the objective of ensuring that the Company’s share do not trade at a significant discount to their NAV value.


4 November 2015

Enquiries:

BlackRock Investment Management (UK) Limited
Simon White – 020 7743 5284
Caroline Driscoll – 020 7743 2427

Cenkos Securities plc
Will Rogers – 020 7397 1920
Sapna Shah – 020 7397 1922