Westlake Chemical Partners LP Announces First Quarter Distribution
April 30 2019 - 4:34PM
Business Wire
- $0.4452 cents per unit distribution
declared payable on May 28, 2019
The Board of Directors of Westlake Chemical Partners GP LLC, the
general partner of Westlake Chemical Partners LP (the
"Partnership") (NYSE:WLKP) declared today a distribution of $0.4452
per unit, representing a 2.9% increase from the fourth quarter 2018
distribution. This is the nineteenth quarterly distribution
announced by the Partnership since its successful Initial Public
Offering (IPO) closing on August 4, 2014. The distribution will be
payable on May 28, 2019, to unit holders of record on May 13,
2019.
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 22.8% 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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