VANCOUVER, April 5 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN) (the "Fund") announced today that it will introduce a distribution reinvestment plan (the "Plan"). Under the Plan, Canadian resident Unitholders will be able to designate that all or a portion of the quarterly distributions payable on their Fund Units be applied towards the purchase of additional Fund Units through the facilities of the Toronto Stock Exchange at prevailing market prices. Participants in the Plan will not pay administrative or brokerage costs associated with the purchase of Fund Units under the Plan.
Computershare Investor Services Inc. ("Computershare") has been appointed as Plan Agent and will be responsible for the administration of the Plan. Computershare will hold Fund Units acquired under the Plan in an account on behalf of Participants. Participants will be able to obtain a certificate representing such Fund Units upon request.
Further details regarding the Plan, including the documentation to be completed by those Unitholders wishing to participate in the Plan, will be made available to Unitholders within the next 60 days. The Plan will be applicable to distributions starting in the quarter ended June 30, 2007.