Westshore Terminals Income Fund - Q4 2007 distribution announcement

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\nVANCOUVER, Dec. 12 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)\n(the "Fund") announced today that a cash distribution of $26,730,005\n(representing $0.36 per trust unit) will be paid on or before January 15, 2008\nto unitholders of record on December 31, 2007, as compared to $23,577,672\n(representing $0.335 per trust unit) for the same period in 2006. For\nunitholder income tax purposes, it is anticipated the distribution will be\nsubstantially all income.\n\n\nDistributions for Q4 2007 reflect the anticipated Q4 results together\nwith payments of earnings realized earlier in the year but unpaid, and are not\na reflection of this quarter's operating performance alone. This is consistent\nwith distributions for Q4's of prior years.\n\n\nFor 2007, total paid distributions will be $1.16 per unit (which includes\na special $0.035 distribution in Q1 2007) as compared to $1.205 per unit in\n2006. Distributions in 2006 were based on 70,381,111 units issued and\noutstanding and distributions for 2007 are based on 74,250,016 units issued\nand outstanding.\n\n\nFor the fourth quarter of 2007, Westshore anticipates that its tonnage\nthroughput will be approximately 5.4 million tonnes as compared to 5.2 million\ntonnes for the same period in 2006. Tonnage throughput to December 31, 2007 is\nanticipated to be approximately 21 million tonnes compared to 18.9 million\ntonnes over the same period in 2006.\n\n\nBased on estimates provided periodically to Westshore by its customers,\nWestshore anticipates that total throughput for 2008 should be similar to 2007\nlevels.\n\n\n","length":1653,"tagName":"div"}]

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