First Ship Lease Trust (SdGX:D8DU) completed the disposal of its 20-year-old product tanker Specialty to an unaffiliated third party for gross consideration of $5.7 million.
The trust said it realized an unaudited net gain of about $800,000 after disposal costs, with net proceeds of around $5.3 million.
The trust intends to use the net proceeds for general corporate purposes.
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