SAN ANTONIO, Jan. 21, 2014 /PRNewswire/ -- The Board of
Directors of Valero Energy Partners LP (NYSE: VLP) has approved the
partnership's fourth quarter 2013 cash distribution of $0.037 per unit. This is the first
distribution declared by the partnership and corresponds to the
minimum quarterly distribution of $0.2125 per unit, or $0.85 per unit annually. The amount is
prorated for the partial quarter following the closing of Valero
Energy Partners LP's initial public offering on December 16, 2013. The distribution is
payable on February 12, 2014 to
unitholders of record at the close of business on January 31, 2014.
This release is intended to be a qualified notice to nominees
under Treasury Regulation Section 1.1446-4(b). All of the
partnership's distributions to foreign investors is attributable to
income that is effectively connected with a United States trade or business. Accordingly,
the partnership's distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax
rate.
About Valero Energy Partners LP
Valero Energy Partners
LP is a fee-based, growth-oriented, traditional master limited
partnership formed by Valero Energy Corporation to own, operate,
develop and acquire crude oil and refined petroleum products
pipelines, terminals and other transportation and logistics assets.
With headquarters in San Antonio,
Valero Energy Partners' assets include crude oil and refined
petroleum products pipeline and terminal systems in the Gulf Coast
and Mid-Continent regions of the United
States that are integral to the operations of Valero's
refinery located in Port Arthur,
Texas, its McKee refinery located in Sunray, Texas, and its refinery located in
Memphis, Tennessee.
Contacts
Investors: John
Locke, 210-345-3077
Media: Bill Day, 210-345-2928
(Logo:
http://photos.prnewswire.com/prnh/20131202/DA25769LOGO)
SOURCE Valero Energy Partners LP