SAN ANTONIO, Jan. 26, 2015 /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 fourth quarter 2014 cash distribution of
$0.266 per unit. This
distribution represents an increase of nearly 11 percent over the
Partnership's previous quarterly distribution and a 25 percent
increase over the minimum quarterly distribution. The
distribution is payable on February 12,
2015 to unitholders of record at the close of business on
February 5, 2015.
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
To download our investor relations mobile app, which offers
access to SEC filings, press releases, unit quotes, and upcoming
events, please visit Apple's iTunes App
Store for your iPhone and iPad or Google's Play Store for
your Android mobile device.
Logo -
http://photos.prnewswire.com/prnh/20131202/DA25769LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/valero-energy-partners-lp-increases-quarterly-cash-distribution-by-nearly-11-percent-300025489.html
SOURCE Valero Energy Partners LP