Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.2 Percent
April 20 2017 - 4:26PM
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 first quarter 2017
cash distribution of $0.4275 per unit. This distribution
represents a 5.2 percent increase over the Partnership’s previous
quarterly distribution. The distribution is payable on May
11, 2017 to unitholders of record at the close of business on May
2, 2017.
This release serves as qualified notice to
brokers and nominees as provided for under Treasury Regulation
Section 1.1446-4(b)(4) and (d). Please note that 100 percent
of Valero Energy Partners LP’s distributions to foreign investors
are attributable to income that is effectively connected with a
United States trade or business. Accordingly, all of Valero
Energy Partners LP’s distributions to foreign investors are subject
to federal income tax withholding at the highest effective tax rate
for individuals or corporations, as applicable. Brokers and
nominees, and not Valero Energy Partners LP, are treated as
withholding agents responsible for withholding distributions
received by them on behalf of foreign investors.
About Valero Energy Partners
LPValero Energy Partners LP is a 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, 210-345-3077 Karen Ngo, Senior Manager – Investor
Relations, 210-345-4574 Tom Mahrer, Manager – Investor Relations,
210-345-1953
Media: Lillian Riojas, Director – Media and
Communications, 210-345-5002
VALERO ENERGY PARTNERS LP (NYSE:VLP)
Historical Stock Chart
From Jun 2024 to Jul 2024
VALERO ENERGY PARTNERS LP (NYSE:VLP)
Historical Stock Chart
From Jul 2023 to Jul 2024