Westshore Results Improve Despite Continued Outage

摘要

Westshore Terminals Fund reported an increase in its cash distribution for the first quarter of 2003 despite the continued outage of one of its coal loaders at the Roberts Bank facility, a increase due in part to a cash disbursement from Westshore's investment in the Fording Canadian Coal Trust. Westshore announced a cash distribution yesterday of roughly 14.43 million dollars (Canadian), or 20.5 cents/ unit for the first quarter of 2003, up from roughly 9.85 million dollars, or 14 cents/ unit, in the first quarter of 2002. The distribution will be paid out before April 15, 2003.