SAN ANTONIO, July 24, 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 second quarter 2015 cash distribution of
$0.2925 per unit. This
distribution represents a 5.4 percent increase over the
Partnership's previous quarterly distribution. The
distribution is payable on August 11,
2015 to unitholders of record at the close of business on
August 3, 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 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