Westlake Chemical Partners LP Announces Fourth Quarter 2020 Distribution
January 25 2021 - 4:20PM
Business Wire
- $0.4714 cents per unit distribution declared payable on
February 19, 2021
The Board of Directors of Westlake Chemical Partners GP LLC, the
general partner of Westlake Chemical Partners LP (the
"Partnership") (NYSE:WLKP), has declared a distribution by the
Partnership of $0.4714 per unit. This is the 26th consecutive
quarterly distribution announced by the Partnership since its
initial public offering. The distribution will be payable on
February 19, 2021, to unit holders of record on February 4,
2021.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of the Partnership’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, the Partnership’s distributions to non-U.S. investors
are subject to federal income tax withholding at the highest
applicable effective tax rate.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by
Westlake Chemical Corporation to operate, acquire and develop
ethylene production facilities and other qualified assets.
Headquartered in Houston, the Partnership owns a 22.8% interest in
Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s assets
include three facilities in Calvert City, Kentucky, and Lake
Charles, Louisiana which process ethane and propane into ethylene,
and an ethylene pipeline. For more information about Westlake
Chemical Partners LP, please visit http://www.wlkpartners.com.
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