Q2 distribution announcement

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\nVANCOUVER, June 16 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)\n(the "Fund") announced today that a cash distribution of $34,897,508\n(representing $0.47 per trust unit) will be paid on or before July 15, 2008 to\nunitholders of record on June 30, 2008 as compared to $18,562,504\n(representing $0.25 per trust unit) for the same period in 2007. For\nunitholder income tax purposes, the distribution is comprised of 100% income.\nHigher throughput rates were realized earlier in Q2 2008 than previously\nanticipated, following this coal year's coal price increase and as a result\n(and based on currently anticipated volumes), average quarterly distributions\nfor the second half of 2008 are anticipated to be only modestly higher than\nthe Q2 2008 distribution.\n\n\nFor the second quarter of 2008, Westshore anticipates that its tonnage\nthroughput will be approximately 5.4 million tonnes as compared to 5.7 million\ntonnes for the same period in 2007. Tonnage throughput for the first six\nmonths of 2008 is anticipated to be approximately 10.6 million tonnes compared\nto 10.2 million tonnes for 2007. Based on estimates provided periodically to\nWestshore by its customers, Westshore anticipates that total throughput for\n2008 will be between 21 and 22 million tonnes.\n\n\n","length":1340,"tagName":"div"}]

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