VANCOUVER, June 12 /CNW/ - Westshore Terminals Income Fund (TSX: WTE.UN) (the "Fund") announced today that a cash distribution of $18,562,504 (representing $0.25 per trust unit) will be paid on or before July 15, 2007 to unitholders of record on June 30, 2007 as compared to $19,002,900 (representing $0.27 per trust unit) for the same period in 2006. For unitholder income tax purposes, the distribution is comprised of 100% income. Distributions in 2006 were based on 70,381,111 units issued and outstanding and distributions for 2007 are based on 74,250,016 units issued and outstanding.
For the second quarter of 2007, Westshore anticipates that its tonnage throughput will be approximately 5.5 million tonnes as compared to 4.6 million tonnes for the same period in 2006. Tonnage throughput for the first six months of 2007 is anticipated to be approximately 10 million tonnes compared to 9.0 million tonnes for 2006.
Based on estimates provided periodically to Westshore by its customers, Westshore anticipates that total throughput for 2007 will be between 19 and 20 million tonnes.