Valero Energy Partners LP Increases Quarterly Cash Distribution by 4.5 Percent
23 Juillet 2018 - 10:01PM
The Board of Directors of Valero Energy Partners GP LLC, the
general partner of Valero Energy Partners LP (NYSE:VLP) (the
“Partnership”), has approved the Partnership’s second quarter 2018
cash distribution of $0.551 per unit. This distribution
represents a 4.5 percent increase over the Partnership’s
previous quarterly distribution, and is payable on August 13, 2018,
to unitholders of record at the close of business on August 3,
2018.
As a reminder, the Partnership will host a
conference call on July 26, 2018, at 3:00 p.m. ET to
discuss second quarter earnings results, which will be released
earlier that day, and to provide an update on partnership
operations and strategy. Persons interested in listening to
the presentation live via the internet may log on to Valero Energy
Partners’ website at www.valeroenergypartners.com.
This release serves as qualified notice to
brokers and nominees as provided for under Treasury Regulation
Section 1.1446-4(b)(4) and (d). Please note that 100 percent
of the Partnership’s distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of the
Partnership’s distributions to foreign investors are subject to
federal income tax withholding at the highest effective tax rate
for individuals or corporations, as applicable. Brokers and
nominees, and not the Partnership, are treated as withholding
agents responsible for withholding distributions received by them
on behalf of foreign investors.
About Valero Energy Partners
LPValero Energy Partners LP is a master limited
partnership formed by Valero Energy Corporation to own, operate,
develop and acquire crude oil and refined petroleum products
pipelines, terminals, and other transportation and logistics
assets. With headquarters in San Antonio, the Partnership’s
assets include crude oil and refined petroleum products pipeline
and terminal systems in the Gulf Coast and Mid-Continent regions of
the United States that are integral to the operations of 10 of
Valero’s refineries. Please visit
www.valeroenergypartners.com for more information.
Contacts
Investors:John Locke, Vice President – Investor
Relations, 210-345-3077Karen Ngo, Senior Manager – Investor
Relations, 210-345-4574Tom Mahrer, Manager – Investor Relations,
210-345-1953
Media:Lillian Riojas, Executive Director – Media
and Communications, 210-345-5002
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