VANCOUVER, April 5 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)
(the "Fund") announced today that it will introduce a distribution
reinvestment plan (the "Plan"). Under the Plan, Canadian resident Unitholders
will be able to designate that all or a portion of the quarterly distributions
payable on their Fund Units be applied towards the purchase of additional Fund
Units through the facilities of the Toronto Stock Exchange at prevailing
market prices. Participants in the Plan will not pay administrative or
brokerage costs associated with the purchase of Fund Units under the Plan.
Computershare Investor Services Inc. ("Computershare") has been appointed
as Plan Agent and will be responsible for the administration of the Plan.
Computershare will hold Fund Units acquired under the Plan in an account on
behalf of Participants. Participants will be able to obtain a certificate
representing such Fund Units upon request.
Further details regarding the Plan, including the documentation to be
completed by those Unitholders wishing to participate in the Plan, will be
made available to Unitholders within the next 60 days. The Plan will be
applicable to distributions starting in the quarter ended June 30, 2007.
For further information:
For further information: Nick Desmarais, Secretary, (604) 488-5295