VANCOUVER, BC, Sept. 15, 2020
/CNW/ - Westshore Terminals Investment Corporation
(TSX: WTE) ("Westshore" or the "Corporation") announced today
that a dividend of $0.16 per share
will be paid on or before October 15,
2020 to shareholders of record on September 30, 2020, which is the same per share
amount that was paid in Q1 and Q2 of 2020. The Q3 2020 dividend
will be designated an "eligible dividend" for Canadian tax
purposes.
For the eight months ended August 31,
2020, Westshore loaded 19.8 million tonnes, compared to
20.0 million tonnes for the same period in 2019. Average handling
rates are comparable to 2018 rates. Throughput volumes for 2020 are
anticipated to be approximately 29.5 million tonnes, at handling
rates close to current year to date rates.
The foregoing statements concerning anticipated throughput
volumes and loading rates, and the levels of dividends are
forward-looking statements that reflect the current expectations of
the Corporation with respect to future events and
performance. Forward-looking statements should not be read as
guarantees of future performance or results and will not
necessarily be accurate indications of whether such performance or
results will be achieved.
Forward-looking statements are based on information available at
the time they are made, assumptions made by management, and
management's good faith belief with respect to future events, and
will be impacted by and are subject to the risks and uncertainties
outlined in the Corporation's Annual Information Form that could
cause actual performance or results to differ materially from those
reflected in the forward-looking statements, historical results or
current expectations.
SOURCE Westshore Terminals Investment Corporation