SAN ANTONIO, Oct. 14, 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 third quarter 2014 cash distribution of
$0.24 per unit. This
distribution represents an increase of $0.0175 per unit, or nearly eight percent, over
the Partnership's previous quarterly distribution. The
distribution is payable on November 12,
2014 to unitholders of record at the close of business on
October 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 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