Valero Energy Partners LP Increases Quarterly Cash Distribution by 5.5 Percent

SAN ANTONIO, Oct. 19, 2017 (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 2017 cash distribution of $0.48 per unit.  This distribution represents a 5.5 percent increase over the Partnership’s previous quarterly distribution.  The distribution is payable on November 9, 2017 to unitholders of record at the close of business on November 1, 2017. 

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, 210-345-3077

Karen Ngo, Senior Manager – Investor Relations, 210-345-4574

Tom Mahrer, Manager – Investor Relations, 210-345-1953   

Media:

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

Source: Valero Energy Partners LP

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