Westlake Chemical Partners LP Announces Third Quarter Distribution
October 31 2016 - 4:15PM
Business Wire
- $0.3353 cents per unit distribution
declared payable on November 29, 2016
The Board of Directors of Westlake Chemical Partners GP LLC, the
general partner of Westlake Chemical Partners LP (the
"Partnership") (NYSE:WLKP) declared on Monday, October 31,
2016, a distribution of $0.3353 per unit, representing a 2.88%
increase from the second quarter distribution. This is the ninth
distribution announced by the Partnership since its successful
Initial Public Offering (IPO) closing on August 4, 2014. The
distribution will be payable on November 29, 2016, to unit holders
of record on November 14, 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/.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161031005704/en/
Westlake Chemical Partners LPMedia RelationsBen Ederington,
713-585-2900orInvestor RelationsSteve Bender, 713-585-2900
Westlake Chemical Partners (NYSE:WLKP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Westlake Chemical Partners (NYSE:WLKP)
Historical Stock Chart
From Jul 2023 to Jul 2024