AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Westlake Chemical Partners LP Announces Fourth Quarter 2019 Distribution

January 27, 2020 GMT

HOUSTON--(BUSINESS WIRE)--Jan 27, 2020--

The Board of Directors of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP (the “Partnership”) (NYSE:WLKP), has declared a distribution of $0.4714 per unit, representing a 1.5% increase from the third quarter 2019 distribution. This is the 22 nd quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on February 18, 2020, to unit holders of record on February 3, 2020.

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 22.8% 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:https://www.businesswire.com/news/home/20200127005602/en/

CONTACT: Media Inquiries:

Westlake Chemical Corp.

Ben Ederington, 1-713-960-9111orInvestor Inquiries:

Westlake Chemical Corp.

Steve Bender, 1-713-960-9111

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: CHEMICALS/PLASTICS OTHER MANUFACTURING MANUFACTURING

SOURCE: Westlake Chemical Partners LP

Copyright Business Wire 2020.

PUB: 01/27/2020 04:30 PM/DISC: 01/27/2020 04:30 PM

http://www.businesswire.com/news/home/20200127005602/en