VANCOUVER, June 17, 2013 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE) (the "Corporation") announced today that a
payment of $24,502,505 (representing $0.33 per share) will be paid on
or before July 15, 2013 to shareholders of record on June 30, 2013 as
compared to a distribution of $23,852,818 (representing $0.321 per
unit) for the second quarter of 2012. The Q2 2013 distribution is a
dividend only payment and is therefore not comparable with the Q2 2012
distribution which was comprised of a dividend of $0.19 per unit and an
interest payment of $0.13125 per unit. The change in the form of
distribution payment results from the corporation's capital
restructuring completed in July 2012, and previously reported.
For the five months ended May 31, 2013, Westshore loaded 11.7 million
tonnes as compared to 11 million tonnes for the same period in 2012.
Throughput volumes for 2013, after factoring in the Berth 1 disruption
during January and through February 9, 2013, are anticipated to be 28
-30 million tonnes or more for the year as a whole. In the absence of
this incident, it had been anticipated that throughput levels would
have been approximately 30 - 32 million tonnes or more, at average
rates higher than 2012 as a whole.
The foregoing statements concerning anticipated throughput volumes 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: