TORONTO, ONTARIO — (Marketwire) — 08/25/11 — West Street Capital Corporation (TSX VENTURE: WSC)(TSX VENTURE: WSC.PR.A) (“West Street” or the “company”) reported net income for the quarter ended June 30, 2011 of $1.4 million compared to $0.7 million in the comparative quarter in 2010. After providing for unpaid preferred share dividend obligations of $0.7 million (2010 – $0.7 million), net income per common share was $0.06 compared with a net loss of $0.01 per common share during the period ended June 30, 2010.
Dividends, interest and other income totalled $0.8 million for the period ended June 30, 2011, in comparison to $0.7 million in the same period in 2010 and consisted principally of dividends and interest earned on the company-s securities portfolio. The increase in investment income is primarily the result of additional securities acquired during 2010 and 2011.
Contacts:
West Street Capital Corporation
Sachin G. Shah
President
(416) 363-9491