Elite UK REIT Management Pte. Ltd. has announced that from 16 March 2026, units of Elite UK REIT will be available for trading in Singapore dollars (SGD) in addition to the existing pound sterling (GBP) on the Singapore Exchange Securities Trading Limited (SGX-ST). This move aims to enhance trading flexibility and reduce transaction costs for investors.
Currently, Elite UK REIT units are traded exclusively in GBP. The introduction of a dual currency trading system will allow investors to trade in either SGD or GBP, with trades settled in the respective currency through SGX-ST. The units in both currency counters will remain identical, providing investors the option to buy in one currency and sell in another.
The Manager of Elite UK REIT believes that this dual currency trading will improve fungibility, offering investors more flexibility. Additionally, unitholders will continue to have the choice of receiving their distributions in either GBP or SGD, ensuring no change in the total number of units issued.
The trading name and stock code for the SGD counter will be announced once available from SGX-ST. This development marks a significant step in accommodating investor preferences and enhancing market accessibility for Elite UK REIT.
