The Board of The North American Income Trust plc announced that it has accepted a conditional offer (that is subject to diligence and agreement of legal documentation) to issue a USD 25 million 10 year Senior Unsecured Loan Note at an annualised interest rate of 2.70% and a USD 25 million 15 year Senior Unsecured Loan Note at an annualised interest rate of 2.96% (together, the "Loan Notes"). The blended rate for the first ten years of the Loan Notes will be 2.83%. The Loan Notes will be unsecured and unlisted. The Company intends to use the proceeds of the Loan Notes to repay, and cancel in full, the USD 75 million three year uncommitted multi-currency revolving loan facility with Scotiabank (Ireland) Designated Activity Company, of which USD 40 million is currently drawn. The remainder of the proceeds will be available for the Company's investment manager, Aberdeen Asset Management Inc., to invest on behalf of the Company. It is expected that the funding date will be on or around 21 December 2020.