The North American Income Trust plc is an investment trust. The Company's objective is to provide investors with above average dividend income and long-term capital growth through active management of a portfolio consisting of S&P 500 United States equities. It may also invest in Canadian stocks and United States mid and small capitalization companies to provide for diversified sources of income. The Company may invest approximately 20% of its gross assets in fixed income investments, which may include non-investment grade debt. The Company may borrow up to an amount equal to approximately 20% of its net assets. The Company may invest in open-ended collective investment schemes and closed-ended funds that invest in the North American region. It invests in sectors, such as financials, consumer staples, materials, energy, information technology, industrials, healthcare, telecommunications, utilities and consumer discretionary. Its investment manager is Aberdeen Asset Managers Inc.