SAN ANTONIO, Jan. 25, 2016 /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 2015 cash distribution of
$0.32 per unit. This
distribution represents a 4 percent increase over the Partnership's
previous quarterly distribution. The distribution is payable
on February 11, 2016 to unitholders
of record at the close of business on February 4, 2016.
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 master limited
partnership formed by Valero Energy Corporation to own, operate,
develop and acquire crude oil and refined 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 nine of
Valero's refineries. Please visit www.valeroenergypartners.com for
more information.
Contacts
Investors:
John Locke, Vice President –
Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor
Relations, 210-345-4574
Media:
Steve Lee, Manager – Corporate
Communications, 210-345-4137
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SOURCE Valero Energy Partners LP