Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.7 Percent
January 24 2018 - 4:17PM
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 2017
cash distribution of $0.5075 per unit. This distribution
represents a 5.7 percent increase over the Partnership’s
previous quarterly distribution, and is payable on February 13,
2018, to unitholders of record at the close of business on February
5, 2018.
As a reminder, the Partnership will host a
conference call on February 2, 2018, at 10 a.m. ET to
discuss fourth quarter and full year 2017 earnings results, which
will be released earlier that day, and to provide an update on
partnership operations and strategy. Persons interested in
listening to the presentation live via the internet may log on to
Valero Energy Partners’ website at
www.valeroenergypartners.com.
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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