BLACKROCK NORTH AMERICAN INCOME TRUST PLC
Investment Restriction Clarification
As set out in the prospectus published by BlackRock North American Income Trust plc (the "Company") on 14 September 2012, the Company's investment restrictions therein include the following restriction with regard to investments in other listed closed-ended investment companies.
"The Company will at all times invest and manage its assets with the objective of spreading risk and in accordance with its published investment policy as set out in Part 1 of this document. In order to comply with the current Listing Rules:
i. the Company will not conduct any trading activity which is significant in
the context of its group as a whole; and
ii. the Company will not invest more than 10 per cent. of its Gross Assets in
other listed closed-ended investment funds, whether managed by the Manager
or not, except that this restriction shall not apply to investments in
listed closed-ended investment funds which themselves have stated
investment policies to invest no more than 15 per cent. of their gross
assets in other listed closed-ended investment funds."Further to shareholder feedback the Board wish to clarify that in addition to the above restrictions, the Company will not invest more than 15 per cent. of its Gross Assets in other listed closed-ended investment funds, notwithstanding whether or not such funds have stated policies to invest no more than 15 per cent. of this gross assets in other closed-ended investment funds.
22 November 2012 All enquires: Barbara Powley Company Secretary BlackRock Investment Management (UK) Limited Tel: 020 7743 5610 Sapna Shah Cenkos Securities Tel: 020 7397 1922
