VANCOUVER, BC, June 12,
2023 /CNW/ - Westshore Terminals Investment
Corporation (TSX: WTE) ("Westshore" or the "Corporation")
announced today that a dividend of $0.35 per share will be paid on or before
July 15, 2023, to shareholders of
record on June 30, 2023, which is the
same per share amount that was paid in Q1 2023. The Q2 2023
dividend will be designated an "eligible dividend" for Canadian tax
purposes.
Westshore anticipates that it will load approximately 13.6
million tonnes in the first half of 2023, which is the same level
loaded in the first half of 2022. Anticipated
throughput volumes for 2023 remain unchanged at 26.5 million tonnes
at an average loading rate of $12.75
per tonne.
Westshore's potash project is progressing well and continues to
be on schedule and on budget. Westshore expects to start handling
potash in 2026.
The foregoing statements concerning anticipated throughput
volumes, average 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