Further to The North American Income Trust plc's update on its search for a new Director in the Annual Report and Accounts for the year ended 31 January 2022, the Board announced the appointment of Patrick Edwardson as an independent non-executive Director of the Company with effect from 1 July 2022. The appointment of Patrick as an additional director is part of the Company's succession plan. Patrick Edwardson joined Baillie Gifford in 1993 and became a partner in 2005.

In a wide-ranging investment career, he managed bond, equity and multi-asset portfolios, was manager of the Scottish American Investment Company plc between 2004 and 2014 and led Baillie Gifford's multi-asset team until his retirement in 2020. He is currently a non-executive director on the boards of JPMorgan Multi Asset Growth and Income plc and Edinburgh Investment Trust plc. Patrick is also managing director of Atheian Ltd. Patrick will stand for election as a Director at the Annual General Meeting to be held in June 2023.