VANCOUVER, June 16, 2014 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE) ("Westshore" or the "Corporation") announced
today that a dividend of $24,502,505 (representing $0.33 per share)
will be paid on or before July 15, 2014 to shareholders of record on
June 30, 2014, which is the same amount that was paid in Q2 2013. The
Q2 2014 dividend will be designated an "eligible dividend" for Canadian
For the five months ended May 31, 2014, Westshore loaded 12.4 million
tonnes as compared to 11.5 million tonnes for the same period in 2013.
Throughput volumes for 2014, after factoring in the lower than planned
Q1 volumes as previously reported, are anticipated to be 31- 32 million
tonnes for the year as a whole, at rates higher than 2013 as a whole.
The foregoing statements concerning anticipated throughput volumes and
loading rates, and the levels of dividends are forward-looking
statements that reflect the current expectations of the Corporation
with respect to future events and performance. Forward-looking
statements should not be read as guarantees of future performance or
results, and will not necessarily be accurate indications of whether
such performance or results will be achieved.
Forward-looking statements are based on information available at the
time they are made, assumptions made by management, and management's
good faith belief with respect to future events, and will be impacted
by and are subject to the risks and uncertainties outlined in the
Corporation's Annual Information Form that could cause actual
performance or results to differ materially from those reflected in the
forward-looking statements, historical results or current expectations.
SOURCE: Westshore Terminals Investment Corporation
For further information:
Secretary & Vice President Corporate Development