VANCOUVER, Sept. 16 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)
(the "Fund") announced today that a cash distribution of $38,610,008
(representing $0.52 per trust unit) will be paid on or before October 15, 2008
to unitholders on record at September 30, 2008 as compared to $21,532,505
(representing $0.29 per trust unit) for the same period in 2007. For
unitholder income tax purposes, the distribution is comprised of 100% income.
For the third quarter of 2008, Westshore anticipates that its tonnage
throughput will be approximately 5.2 million tonnes as compared to
5.4 million tonnes for the same period in 2007. Tonnage throughput to
September 30, 2008 is anticipated to be approximately 15.8 million tonnes
compared to 15.6 million tonnes over the same period in 2007.
Based on estimates provided periodically to Westshore by its customers,
Westshore anticipates that total throughput for 2008 should be between 21 and
22 million tonnes.
For further information:
For further information: Nick Desmarais, Secretary, (604) 488-5214