First Ship Lease Trust

 

Wonder what is the conversion rate that they will be using.

First Ship Lease Trust (FSL Trust) ? The trading currency of FSL Trust will be changed to the Singapore dollar from the US dollar to widen its appeal to investors. Announcing this yesterday, FSL Trust Management (FSLTM) said that the units would start trading in the Sing dollar on Friday next week. Future distributions to unitholders will continue to be denominated in US dollars. As with past distributions, unitholders will have the option to elect and receive their distribution entitlements in either US dollars or Sing dollars, the trust said. FSL Trust is one of three shipping trusts trading on the Singapore Exchange, the others being Pacific Shipping Trust and Rickmers Maritime. Pacific and Rickmers trade in Sing dollars.