In a shareholder notice issued on Friday (14 June), the NAIT board said it plans to take further action to prevent the trust’s shares from trading at a significant discount to their prevailing net asset value.
According to data from the Association of Investment Companies, the trust is running on an 11.5% discount.
abrdn manager departs for Janus Henderson as North American Income swaps investment manager
Under the conditional tender mechanism, NAIT’s board will buy back up to 15% of its shares provided that, by 30 September 2027, either the NAV total return has not exceeded the to…
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