Westlake Chemical Partners LP Announces Third Quarter Distribution
November 01 2017 - 4:20PM
Business Wire
- $0.3756 cents per unit distribution
declared payable on November 29, 2017
The Board of Directors of Westlake Chemical Partners GP LLC, the
general partner of Westlake Chemical Partners LP (the
"Partnership") (NYSE:WLKP) declared on Wednesday a
distribution of $0.3756 per unit, representing a 2.9% increase from
the second quarter 2017 distribution. This is the thirteenth
quarterly 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, 2017, to unit
holders of record on November 14, 2017.
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
ethylene production facilities and other qualified assets.
Headquartered in Houston, the Partnership owns a 18.3% 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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Westlake Chemical PartnersMedia RelationsBen Ederington,
713.585.2900orInvestor RelationsSteve Bender, 713.585.2900
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