Westlake Chemical Partners LP Announces Third Quarter 2023 Distribution

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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.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Tuesday, October 31, 2023
Information
Tags: 
Chemicals, Plastics, Manufacturing, Master limited partnership, NYSE, Treasury regulations, Partnership, WLKP, Architecture, Security (finance)
Geotags: 
UNITED STATES, NORTH AMERICA, TEXAS
⚠ generated by AI ↴
Organisation: 
WESTLAKE CHEMICAL PARTNERS, WESTLAKE CHEMICAL PARTNERS LP
Stock Symbol: 
NYSE:WLKP
Summary
Key Points: 
  • 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 37th quarterly distribution announced by the Partnership since its initial public offering.
  • The distribution will be payable on November 27, 2023, to unit holders of record on November 10, 2023.
  • Accordingly, the Partnership’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.


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 37th quarterly distribution announced by the Partnership since its initial public offering. The distribution will be payable on November 27, 2023, to unit holders of record on November 10, 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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