VANCOUVER, BC, Sept. 19,
2022 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE) ("Westshore"
or the "Corporation") announced today that a
dividend of $0.30 per share will be
paid on or before October 15, 2022 to
shareholders of record on September 30, 2022. The dividend
will be designated an "eligible
dividend" for Canadian tax purposes. The
dividend program going forward is subject to review based on
operating performance, market conditions, and other factors.
Through September 16, 2022,
year-to-date Westshore loaded 19.0 million tonnes at an average
rate of $12.06 per tonne. Commencing
September 17, operations halted due
to the ILWU Local 502 work stoppage. We cannot anticipate the
duration of the work stoppage; hence we are not able to provide
guidance on volumes or rates for 2022 overall until operations
resume.
The foregoing statements concerning anticipated throughput volumes,
average handling rate and the level of
future 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