22nd Nov 2013 11:36
LONDON (Alliance News) - North American Income Trust PLC Friday said it underperformed against its benchmark index as its net asset value fell 3.6% compared to a 1.2% decline in the S&P 500 index in the three months to end-October.
In an interim management statement, the investment trust said its largest equity holding remained in Microsoft, followed by PepsiCo and ConocoPhillips. The trust aims to provide above-average dividend income and long-term capital growth by means of active management of investments primarily in S&P 500 shares.
NAV per share stood at 845.0 pence per share on October 31.
The stock was trading at 866.62 pence Friday morning, up 1.38 pence or 0.2%.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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