Westlake Chemical Partners LP Announces First Quarter Distribution
May 01 2017 - 4:30PM
Business Wire
- $0.3549 cents per unit distribution
declared payable on May 30, 2017
The Board of Directors of Westlake Chemical Partners GP LLC, the
general partner of Westlake Chemical Partners LP (the
"Partnership") (NYSE:WLKP) declared on Monday, May 1, 2017,
a distribution of $0.3549 per unit, representing a 2.87% increase
from the fourth quarter 2016 distribution. This is the eleventh
quarterly distribution announced by the Partnership since its
successful Initial Public Offering (IPO) closing on August 4, 2014.
The distribution will be payable on May 30, 2017, to unit holders
of record on May 15, 2017.
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b). Brokers and nominees should treat
one hundred percent (100.0%) of the Partnership’s distributions to
non-U.S. investors as being attributable to income that is
effectively connected with a United States trade or business.
Accordingly, the Partnership’s distributions to non-U.S. investors
are subject to federal income tax withholding at the highest
applicable effective tax rate.
About Westlake Chemical Partners LP
Westlake Chemical Partners is a limited partnership formed by
Westlake Chemical Corporation to operate, acquire and develop
ethylene production facilities and other qualified assets.
Headquartered in Houston, Texas, the Partnership owns a 13.3%
interest in Westlake Chemical OpCo LP. Westlake Chemical OpCo LP’s
assets include three facilities in Calvert City, Kentucky, and Lake
Charles, Louisiana which process ethane and propane into ethylene,
and an ethylene pipeline. For more information about Westlake
Chemical Partners LP, please visit http://www.wlkpartners.com/.
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Westlake Chemical Partners LPMedia RelationsBen Ederington,
713.585.2900orInvestor RelationsSteve Bender, 713.585.2900
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