Westshore Terminals Investment CorporationTSX: WTE

Westshore Terminals Income Fund - Q2 Distribution Announcement

· Issued by Westshore Terminals Investment Corporation via CNW
VANCOUVER, June 13 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN)
(the "Fund") announced today that a cash distribution of $19,002,900
(representing $0.27 per trust unit) will be paid on or before July 15, 2006 to
unitholders of record on June 30, 2006 as compared to $14,076,222
(representing $0.20 per trust unit) for the same period in 2005. For
unitholder income tax purposes, the distribution is comprised of 100% income.
For the second quarter of 2006, Westshore anticipates that its tonnage
throughput will be approximately 4.5 million tonnes as compared to 5.8 million
tonnes for the same period in 2005. Tonnage throughput for the first six
months of 2006 is anticipated to be approximately 9.0 million tonnes compared
to 11.5 million tonnes for 2005. Lower volumes are the result of lower
shipment requirements for Westshore's customers.
Based on estimates provided periodically to Westshore by its customers,
Westshore anticipates that total throughput for 2006 will be approximately 18
- 19 million tonnes, down from 2005 levels of 21.9 million tonnes.