Westshore Terminals Income Fund - Q2 Distribution Announcement

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\n\nVANCOUVER, June 13 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)\n(the \"Fund\") announced today that a cash distribution of $19,002,900\n(representing $0.27 per trust unit) will be paid on or before July 15, 2006 to\nunitholders of record on June 30, 2006 as compared to $14,076,222\n(representing $0.20 per trust unit) for the same period in 2005. For\nunitholder income tax purposes, the distribution is comprised of 100% income.\nFor the second quarter of 2006, Westshore anticipates that its tonnage\nthroughput will be approximately 4.5 million tonnes as compared to 5.8 million\ntonnes for the same period in 2005. Tonnage throughput for the first six\nmonths of 2006 is anticipated to be approximately 9.0 million tonnes compared\nto 11.5 million tonnes for 2005. Lower volumes are the result of lower\nshipment requirements for Westshore's customers.\nBased on estimates provided periodically to Westshore by its customers,\nWestshore anticipates that total throughput for 2006 will be approximately 18\n- 19 million tonnes, down from 2005 levels of 21.9 million tonnes.\n\n\n\n","length":1156,"tagName":"div"}]

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