BRENTWOOD, Tenn. -- (Business Wire)
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today
announced the declaration of its quarterly cash distribution for the
third quarter 2014 of $0.490 per limited partner unit, or $1.96 per unit
on an annualized basis. This distribution represents a 3.2 percent
increase from the second quarter 2014 distribution of $0.475 per limited
partner unit ($1.90 per limited partner unit annualized) and a 21.0
percent increase over Delek Logistics’ third quarter 2013 distribution
of $0.405 per limited partner unit ($1.62 per limited partner unit
annualized). The third quarter 2014 cash distribution is payable on
November 14, 2014 to unitholders of record on November 6, 2014.
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 Holdings, thereby subjecting us to Delek US
Holdings’ 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 Logistic 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
Logistic Partners, LP, are treated as the withholding agents responsible
for withholding on the distributions received by them on behalf of
foreign investors.
Contacts:
Delek Logistics Partners, LP
Keith Johnson, 615-435-1366
Vice
President of Investor Relations
or
Alpha IR Group
Chris
Hodges, 312-445-2870
Founder & CEO
Source: Delek Logistics Partners, LP
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