Westlake Chemical Partners LP Announces Third Quarter Distribution

HOUSTON, Oct. 28, 2014 /PRNewswire/ -- The Board of Directors of Westlake Chemical Partners GP LLC (the "Company"), the general partner of Westlake Chemical Partners LP (the "Partnership"), a Westlake company (NYSE:WLKP) declared on Tuesday, October 28, 2014, a distribution of $0.1704 per unit. The distribution represents a prorated amount of the Partnership's minimum quarterly distribution of $0.2750 per unit, based upon the number of days after the closing of the Partnership's initial public offering on August 4, 2014 (the "Closing Date") and the end of the third quarter. The distribution will be payable on November 25, 2014, to unit holders of record on November 10, 2014.

This is the inaugural distribution by the Partnership after its successful IPO on the Closing Date.

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 LP is a limited partnership formed to operate, acquire and develop ethylene production facilities and related assets. It is headquartered in Houston, Texas.

SOURCE Westlake Chemical Partners

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