Valero Energy Partners LP Increases Quarterly Cash Distribution by 6.4 Percent
July 19 2017 - 4:23PM
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 2017
cash distribution of $0.455 per unit. This distribution
represents a 6.4 percent increase over the Partnership’s previous
quarterly distribution. The distribution is payable on August
10, 2017 to unitholders of record at the close of business on
August 1, 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 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 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, Senior Manager – Investor
Relations, 210-345-4574Tom Mahrer, Manager – Investor Relations,
210-345-1953
Media:Lillian Riojas, Director – Media and
Communications, 210-345-5002
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