VANCOUVER, BC, Dec. 14, 2021 /CNW/ - Westshore Terminals
Investment Corporation (TSX: WTE) ("Westshore" or the
"Corporation") announced today that a dividend of $0.25 per share will be paid on or before
January 15, 2022 to shareholders of
record on December 31, 2021, which is
the same per share amount that was paid in Q3 2021. The Q4
2021 dividend will be designated an "eligible dividend" for
Canadian tax purposes.
For the eleven months ended November 30, 2021, Westshore
loaded 27.1 million tonnes compared to 26.9 million tonnes for the
same period in 2020. Throughput volumes for 2021 are
anticipated to be 29.0 - 29.5 million tonnes at an average loading
charge of approximately $11.60. The
recent BC floods had some negative impact on Canadian coal
customers, which in turn had some impact on volumes at
Westshore.
For 2022, based on information currently available, volumes are
projected to be approximately 27.5 million tonnes at an average
loading charge of approximately $11.85.
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