Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent
October 19 2017 - 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 2017
cash distribution of $0.48 per unit. This distribution
represents a 5.5 percent increase over the Partnership’s
previous quarterly distribution. The distribution is payable
on November 9, 2017 to unitholders of record at the close of
business on November 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 the Partnership’s distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the
Partnership’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 the Partnership, 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,
210-345-3077
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
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