January 25, 2016 - 4:21 PM EST
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Valero Energy Partners LP Increases Quarterly Cash Distribution

SAN ANTONIO, Jan. 25, 2016 /PRNewswire/ -- The Board of Directors of Valero Energy Partners GP LLC, the general partner of Valero Energy Partners LP (NYSE: VLP, the Partnership), has approved the Partnership's fourth quarter 2015 cash distribution of $0.32 per unit.  This distribution represents a 4 percent increase over the Partnership's previous quarterly distribution.  The distribution is payable on February 11, 2016 to unitholders of record at the close of business on February 4, 2016.

This release is intended to be a qualified notice to nominees under Treasury Regulation Section 1.1446-4(b).  All of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States (U.S.) trade or business.  Accordingly, the Partnership's distributions to foreign investors are subject to U.S. federal income tax withholding at the highest effective tax rate.

About Valero Energy Partners LP

Valero Energy Partners LP is a fee-based master limited partnership formed by Valero Energy Corporation to own, operate, develop and acquire crude oil and refined products pipelines, terminals, and other transportation and logistics assets. With headquarters in San Antonio, the Partnership's assets include crude oil and refined petroleum products pipeline and terminal systems in the Gulf Coast and Mid-Continent regions of the United States that are integral to the operations of nine of Valero's refineries. Please visit www.valeroenergypartners.com for more information.

John Locke, Vice President – Investor Relations, 210-345-3077
Karen Ngo, Manager – Investor Relations, 210-345-4574

Steve Lee, Manager – Corporate Communications, 210-345-4137

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SOURCE Valero Energy Partners LP

Source: PR Newswire (January 25, 2016 - 4:21 PM EST)

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