HOUSTON, April 27, 2016 /PRNewswire/ -- The Board of
Directors of Westlake Chemical Partners GP LLC, the general partner
of Westlake Chemical Partners LP (the "Partnership"),
a Westlake company (NYSE:WLKP)
declared on Wednesday a distribution of $0.3168 per unit, representing a 2.86% increase
from the fourth quarter distribution. This is the seventh
distribution announced by the Partnership since its successful IPO
closing on August 4, 2014. The
distribution will be payable on May 24,
2016, to unit holders of record on May 10, 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 LP 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/.
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SOURCE Westlake Chemical Partners LP