Delek Logistics Partners, LP Declares Quarterly Cash Distribution
BRENTWOOD, Tenn. -- January 23, 2014
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced
the declaration of its quarterly cash distribution for the fourth quarter 2013
of $0.415 per limited partnership unit, or $1.66 per unit on an annualized
basis. This distribution represents a 2.5 percent increase from the third
quarter 2013 distribution of $0.405 ($1.62 per unit annualized) and a 10.7
percent increase over Delek Logistics’ minimum quarterly distribution of
$0.375 per unit ($1.50 per unit annualized). The fourth quarter 2013 cash
distribution is payable on February 13, 2014 to unitholders of record on
February 4, 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, thereby subjecting us
to Delek US’s business risks, risks relating to the securities markets
generally, 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.
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.
U.S. Investor / Media Relations Contact:
Delek Logistics Partners, LP
Keith Johnson, 615-435-1366
Vice President of Investor Relations
Alpha IR Group
Chris Hodges, 312-445-2870
Founder & CEO
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