Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent
October 24 2016 - 4:15PM
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 2016
cash distribution of $0.385 per unit. This distribution
represents a 5.5 percent increase over the Partnership’s previous
quarterly distribution. The distribution is payable on
November 10, 2016, to unitholders of record at the close of
business on November 3, 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 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
LPValero 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 10 of Valero’s refineries. Please
visit www.valeroenergypartners.com for more information.
Contacts
Investors:John Locke, Vice President – Investor Relations,
210-345-3077Karen Ngo, Manager – Investor Relations,
210-345-4574
Media:Lillian Riojas, Director – Media and Communications,
210-345-5002
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