SAN ANTONIO, July 15, 2014 /PRNewswire/ -- The Board of
Directors of Valero Energy Partners GP LLC, the general partner of
Valero Energy Partners LP (NYSE: VLP, the Partnership), has
approved the Partnership's second quarter 2014 cash distribution of
$0.2225 per unit. This
distribution represents an increase of nearly five percent over the
Partnership's minimum quarterly distribution of $0.2125 per unit. The distribution is payable on
August 13, 2014 to unitholders of
record at the close of business on August 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 (U.S.) trade or business.
Accordingly, the Partnership's distributions to foreign investors
are subject to U.S. 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, the Partnership's
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 several of Valero's refineries.
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