|By PR Newswire||
|April 17, 2014 11:49 AM EDT||
SAN ANTONIO, April 17, 2014 /PRNewswire/ -- The Board of Directors of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE: VLP), has approved the partnership's first quarter 2014 cash distribution of $0.2125 per unit, which is equal to the minimum quarterly distribution per unit, or $0.85 per unit annually. The distribution is payable on May 14, 2014 to unitholders of record at the close of business on May 1, 2014.
This release is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b). All of the partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.
About Valero Energy Partners LP
Valero Energy Partners LP is a fee-based, growth-oriented, traditional 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, Valero Energy Partners' 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 Valero's refinery located in Port Arthur, Texas, its McKee refinery located in Sunray, Texas, and its refinery located in Memphis, Tennessee.
John Locke, Executive Director – Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor Relations, 210-345-4574
Bill Day, Vice President – Communications, 210-345-2928
SOURCE Valero Energy Partners LP