Westshore Terminals Announces Q4 2017 Distribution
Dec 19, 2017, 20:00 ET
VANCOUVER, Dec. 19, 2017 /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) ("Westshore" or the "Corporation") announced today that a dividend of $0.16 per share will be paid on or before January 15, 2018 to shareholders of record on December 31, 2017, which is the same per share amount that was paid in each quarter of 2017. The Q4 2017 dividend will be designated an "eligible dividend" for Canadian tax purposes.
For the eleven months ended November 30, 2017, Westshore loaded 26.3 million tonnes as compared to 23.6 million tonnes for the same period in 2016. Throughput volumes for 2017 are anticipated to be over 29 million tonnes and volumes for 2018 are anticipated to be approximately 30 million tonnes, at rates similar overall to 2017.
The foregoing statements concerning anticipated throughput volumes and loading rates, and the levels of dividends, the cost and timing of the capital project 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: Nick Desmarais, Secretary & Vice President Corporate Development, (604) 488-5214
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