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BLACKROCK NORTH AMERICAN INCOME TRUST PLC: Cancellation of Share Premium Account


BLACKROCK NORTH AMERICAN INCOME TRUST PLC: Cancellation of Share Premium Account BlackRock North American Income Trust plc (the "Company")

Cancellation of Share Premium Account

Further to the Prospectus of 14 September 2012, the Company confirms that by an order of the High Court of Justice (Chancery Division) (the "Court") dated 12 December 2012 the cancellation of the Company's share premium account (the "Reduction") was approved. A statement of capital approved by the Court in respect of the Reduction was registered by the Registrar of Companies on 19 December 2012. The purpose of the Reduction, which takes effect from today, is to create sufficient distributable reserves to support the Company's distribution policy. The Reduction is a legal and accounting adjustment and does not of itself have any direct impact on the market value of the Company's shares.

19 December 2012

All enquires:

Barbara Powley Company Secretary BlackRock Investment Management (UK) Limited

Tel: 020 7743 5610

END

-0- Dec/19/2012 16:35 GMT

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