HOUSTON, Feb. 1, 2016 /PRNewswire/ -- The Board of
Directors of Westlake Chemical Partners GP LLC (the "Company"), the
general partner of Westlake Chemical Partners LP (the
"Partnership"), a Westlake company (NYSE: WLKP) declared on
Monday, February 1, 2016, a
distribution of $0.3080 per unit,
representing a 2.87% increase from the third quarter distribution.
This is the sixth distribution announced by the Partnership since
its successful IPO closing on August 4,
2014. The distribution will be payable on February 26, 2016, to unit holders of record on
February 11, 2016.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of the Partnership's distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United
States trade or business. Accordingly, the Partnership's
distributions to non-U.S. investors are subject to federal income
tax withholding at the highest applicable effective tax rate.
About Westlake Chemical Partners
LP
Westlake Chemical Partners is a limited partnership formed by
Westlake Chemical Corporation to operate, acquire and develop
facilities for the processing of natural gas liquids as well as
other qualifying activities. Headquartered in Houston, Texas, the Partnership owns a 13.3%
interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP's
assets include three facilities in Calvert City, Kentucky, and Lake Charles, Louisiana which process ethane
and propane into ethylene, and an ethylene pipeline. For more
information about Westlake Chemical Partners LP, please visit
http://www.wlkpartners.com/.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/westlake-chemical-partners-lp-announces-fourth-quarter-distribution-300213177.html
SOURCE Westlake Chemical Partners LP