Westshore Terminals announces Q2 2014 distribution

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 tax purposes.

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

Nick Desmarais
Secretary & Vice President Corporate Development
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