Westlake Chemical Partners LP Announces First Quarter 2023 Distribution
May 02 2023 - 4:15PM
Business Wire
- $0.4714 per unit distribution declared payable on May 26,
2023
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. This is the 35th quarterly distribution announced by the
Partnership since its initial public offering. The distribution
will be payable on May 26, 2023, to unit holders of record on May
12, 2023.
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 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.
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Media Inquiries: Westlake Corp. Ben
Ederington, 1-713-585-2900
or
Investor Inquiries: Westlake Corp.
Steve Bender, 1-713-585-2900
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