Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent

SAN ANTONIO, Oct. 24, 2016 (GLOBE NEWSWIRE) -- 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 third quarter 2016 cash distribution of $0.385 per unit.  This distribution represents a 5.5 percent increase over the Partnership’s previous quarterly distribution.  The distribution is payable on November 10, 2016, to unitholders of record at the close of business on November 3, 2016. 

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 U.S. federal income tax withholding at the highest effective tax rate.

About Valero Energy Partners LPValero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined 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, Manager – Investor Relations, 210-345-4574

Media:Lillian Riojas, Director – Media and Communications, 210-345-5002

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