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Westshore Terminals Investment Corp T.WTE

Alternate Symbol(s):  WTSHF

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

Comment by msillusionon Jul 21, 2011 6:25pm
388 Views
Post# 18859012

RE: Ottawa tightens tax rules - globeandmail

RE: Ottawa tightens tax rules - globeandmailI asked Investors Relation today if a Press Release was coming re. the impact of Finance Dept.'s announcement on Jul 20 since other companies such as H&R REIT, Northern Property REIT have already done so.

She said the legal counsel and others were looking at the announcement. If there are changes they would announce it before the coming Earnings Report early August.

Does it mean that silence for the time being no impact? She said that she would not go that far.  I asked her to let management know that a press release one way or another will clear uncertainty hanging over the stock.
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