$0.3450 cents per unit distribution declared payable on February 22,
HOUSTON--(BUSINESS WIRE)--Jan. 27, 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 Friday a distribution of $0.3450 per unit,
representing a 2.81% increase from the third quarter distribution. This
is the tenth distribution announced by the Partnership since its
successful Initial Public Offering (IPO) closing on August 4, 2014. The
distribution will be payable on February 22, 2017, to unit holders of
record on February 7, 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 LP is a limited partnership formed by
Westlake Chemical Corporation to operate, acquire and develop facilities
for the processing of natural gas liquids as well as other qualifying
activities. 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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Source: Westlake Chemical Partners LP
Westlake Chemical Partners LP