$0.3353 cents per unit distribution declared payable on November 29,
HOUSTON--(BUSINESS WIRE)--Oct. 31, 2016--
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, October 31, 2016, a distribution of
$0.3353 per unit, representing a 2.88% increase from the second quarter
distribution. This is the ninth distribution announced by the
Partnership since its successful Initial Public Offering (IPO) closing
on August 4, 2014. The distribution will be payable on November 29,
2016, to unit holders of record on November 14, 2016.
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