SAN ANTONIO, April 17, 2014 /PRNewswire/ -- The Board of
Directors of Valero Energy Partners GP LLC, the general partner of
Valero Energy Partners LP (NYSE: VLP), has approved the
partnership's first quarter 2014 cash distribution of $0.2125 per unit, which is equal to the minimum
quarterly distribution per unit, or $0.85 per unit annually. The distribution
is payable on May 14, 2014 to
unitholders of record at the close of business on May 1, 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 are
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, Executive Director –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Bill Day, Vice President –
Communications, 210-345-2928
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SOURCE Valero Energy Partners LP