$0.3756 cents per unit distribution declared payable on November 29,
HOUSTON--(BUSINESS WIRE)--Nov. 1, 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 Wednesday a distribution of $0.3756 per unit,
representing a 2.9% increase from the second quarter 2017 distribution.
This is the thirteenth quarterly 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,
2017, to unit holders of record on November 14, 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, the
Partnership owns a 18.3% 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/.
View source version on businesswire.com: http://www.businesswire.com/news/home/20171101006194/en/
Source: Westlake Chemical Partners
Westlake Chemical Partners