FSL – CNA

FSL Trust’s DPU down 51% to 1.5 US cents

Mainboard-listed First Ship Lease Trust (FSL Trust) announced on Friday, a 1.5 US cent distribution per unit (DPU) for the third quarter ended in September.

The figure is 51 per cent lower than the 3.05 US cent DPU for the same period last year.

The amount to be distributed is US$7.96 million – an on-year drop of 48 per cent.

Going forward, FSL Trust said that its business is robust and its portfolio of lease contracts will continue to deliver predictable and stable cash flows.