WESTSHORE TERMINALS Q1 REPORT, Q2 DIVIDEND, AND BOARD AND EXECUTIVE OFFICER CHANGES

About this update from Westshore Terminals Investment Corporation

[{"type":"text","content":"\n\n\n\n WESTSHORE TERMINALS Q1 REPORT, Q2 DIVIDEND, AND BOARD AND EXECUTIVE OFFICER CHANGES\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 2, 2025\n \n\n /CNW/ - Westshore Terminals Investment Corporation (TSX: WTE) (\"Westshore\" or the \"Corporation\") announced today that it has filed its earnings report for the first quarter ended\n \n March 31, 2025\n \n , and related management's discussion and analysis with the Canadian security regulatory authorities. Copies of the documents are available on SEDAR+ at\n \n www.sedarplus.ca\n \n and the Corporation's website at\n \n www.westshore.com\n \n .\n \n\n The Corporation also announced today that a dividend of\n \n $0.375\n \n per share will be paid on or before\n \n July 15, 2025\n \n , to shareholders of record on\n \n June 30, 2025\n \n . The dividend will be designated an \"eligible dividend\" for Canadian tax purposes.\n \n\n The Corporation also announced today that\n \n William Stinson\n \n has informed the Corporation that he will not stand for re-election as a director at the 2025 annual general meeting of the Corporation (the \"AGM\") and, effective as of the AGM, he will retire as Chief Executive Officer of the Corporation and President of Westshore Terminals Ltd. (the \"General Partner\"), the general partner of Westshore Terminals Limited Partnership (\"Westshore LP\").\n \n\n Effective upon Mr. Stinson's retirement, the Board will appoint Mr.\n \n Dallas Ross\n \n as Chair of the Board and Mr. Ross will resign as Chief Financial Officer of the Corporation. The Board will appoint Mr.\n \n Glenn Dudar\n \n , currently Vice President and General Manager of Westshore LP, as Chief Executive Officer of the Corporation and President of the General Partner. Mr. Dudar is being nominated for election as a director of the Corporation at the AGM. Effective upon Mr. Ross' resignation as Chief Financial Officer, the Board will appoint Ms.\n \n Angela Morfitt\n \n , currently Director of Finance and Corporate Services of Westshore LP, as Chief Fi...

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