News Column

Valero Energy Partners LP Increases Quarterly Cash Distribution

August 1, 2014

By a News Reporter-Staff News Editor at Energy Weekly News -- 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 2014 cash distribution of $0.2225 per unit. This distribution represents an increase of nearly five percent over the Partnership's minimum quarterly distribution of $0.2125 per unit. The distribution is payable on August 13, 2014 to unitholders of record at the close of business on August 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 (U.S.) trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.

Keywords for this news article include: Investment and Finance, Oil & Gas, Valero Energy, Valero Energy Partners Lp.

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Source: Energy Weekly News

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