Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.59 per Limited Partner Unit
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today
declared its quarterly cash distribution for the fourth quarter 2015 of
$0.59 per limited partner unit, or $2.36 per limited partner unit on an
annualized basis. This distribution represents a 3.5 percent increase
from the distribution for the third quarter 2015 of $0.57 per limited
partner unit ($2.28 per limited partner unit annualized) and a 15.7
percent increase over Delek Logistics’ distribution for the fourth
quarter 2014 of $0.51 per limited partner unit ($2.04 per limited
partner unit annualized). The fourth quarter 2015 cash distribution is
payable on February 12, 2016 to unitholders of record on February 5,
2016.
About Delek Logistics Partners, LP
Delek Logistics Partners, LP, headquartered in Brentwood, Tennessee, is
a growth-oriented master limited partnership formed by Delek US
Holdings, Inc. (NYSE: DK) (“Delek US”) to own, operate, acquire and
construct crude oil and refined products logistics and marketing assets.
Safe Harbor Provisions Regarding Forward-Looking Statements
This press release contains “forward-looking” statements within the
meaning of the federal securities laws. These statements contain words
such as “possible,” “believe,” “should,” “could,” “would,” “predict,”
“plan,” “estimate,” “intend,” “may,” “anticipate,” “will,” “if,”
“expect” or similar expressions, as well as statements in the future
tense, and can be impacted by numerous factors, including the fact that
a substantial majority of Delek Logistics' contribution margin is
derived from Delek US, thereby subjecting us to Delek US' business
risks; risks relating to the securities markets generally; risks
relating to the age of our assets and operational hazards of our assets
including, without limitation, releases, spills and other hazards
inherent in transporting and storing crude oil and intermediate and
finished petroleum products; the impact of adverse market conditions
affecting the business of Delek Logistics; adverse changes in laws
including with respect to tax and regulatory matters and other risks as
disclosed in our annual report on Form 10-K, quarterly reports on Form
10-Q and other reports and filings with the United States Securities and
Exchange Commission. There can be no assurance that actual results will
not differ from those expected by management or described in
forward-looking statements of Delek Logistics. Delek Logistics
undertakes no obligation to update or revise such forward-looking
statements to reflect events or circumstances that occur, or which Delek
Logistics becomes aware of, after the date hereof.
Tax Considerations
This release is intended to be a qualified notice under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent
of Delek Logistics Partners, LP’s distributions to foreign investors are
attributable to income that is effectively connected with a United
States trade or business. Accordingly, all of Delek Logistics Partners,
LP’s distributions to foreign investors are subject to federal income
tax withholding at the highest applicable effective tax rate for
individuals or corporations, as applicable. Nominees, and not Delek
Logistics Partners, LP, are treated as the withholding agents
responsible for withholding on the distributions received by them on
behalf of foreign investors.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160125006445/en/
Copyright Business Wire 2016
Source: Business Wire
(January 25, 2016 - 4:20 PM EST)
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