Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s): WTSHF

Industrials Shipping & Ports

Westshore Terminals Investment Corporation is a Canada-based company, which owns all of the limited partnership units of Westshore Terminals Limited Partnership (Westshore). The Company invests in Westshore by way of distributions on Westshore's limited partnership units. Westshore operates a coal storage and unloading/loading facility at Roberts Bank, British Columbia. Westshore receives handling charges from its customers for throughput volume. Coal is delivered to the Terminal in unit trains operated by Canadian Pacific Railway, BNSF Railway, and Canadian National Railway. The product is unloaded and either directly loaded onto a ship or stockpiled for future ship loading. The loaded ships are then destined around the globe to approximately 20 different countries. Westar Management Ltd. (the Manager) provides management services to Westshore and administrative services to the Company. The manager also provides insurance and vehicle leasing services to the Company.

TSX:WTE - Post by User

Westshore Terminals Investment Corp

Bullboard Posts

Post by galvanizedon Sep 16, 2010 8:41pm

654 Views

Post# 17458548

Great conversion proposal!

The idea of issuing long term debt with the new shares, and then have them trade together is a brilliant idea. This will be more tax efficient for unit holders holding these units in registered accounts.

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