Westshore Terminals Announces Q3 2017 Distribution

VANCOUVER, Sept. 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 October 15, 2017 to shareholders of record on September 30, 2017, which is the same per share amount that  was paid in Q1 and Q2 2017.  The Q3 2017 dividend will be designated an "eligible dividend" for Canadian tax purposes.

For the eight months ended August 31, 2017, Westshore loaded 18.7 million tonnes as compared to 17.8 million tonnes for the same period in 2016. Throughput volumes for 2017 are anticipated to be approximately 29 million tonnes at rates comparable to 2016. Revenues for 2017, unlike 2016, will not include any payments from renegotiated customer contracts.

The foregoing statements concerning anticipated throughput volumes and loading rates, and the level 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, [phone]