Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $0.885 per Common Limited Partner Unit
25 January 2020 - 8:15AM
Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today
declared its quarterly cash distribution for the fourth quarter
2019 of $0.885 per common limited partner unit, or $3.54 per common
limited partner unit on an annualized basis. This distribution
represents an approximate 1.0 percent increase from the
distribution for the third quarter 2019 of $0.88 per common limited
partner unit ($3.52 per common limited partner unit annualized) and
an approximate 9.0 percent increase over Delek Logistics’
distribution for the fourth quarter 2018 of $0.81 per common
limited partner unit ($3.24 per common limited partner unit
annualized). The fourth quarter 2019 cash distribution is payable
on February 12, 2020 to unitholders of record on February 4, 2020.
About Delek Logistics Partners,
LPDelek Logistics Partners, LP, headquartered in
Brentwood, Tennessee, was 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 StatementsThis 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 and costs relating to the age and
operational hazards of our assets including, without limitation,
costs, penalties, regulatory or legal actions and other effects
related to 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, including margins
generated by its wholesale fuel business; 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. These forward-looking
statements include, but are not limited to, statements regarding
Delek Logistics’ distribution including the amounts and timing
thereof. 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 ConsiderationsThis 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.
Investor Relations Contacts:Blake Fernandez,
Senior Vice President of Investor Relations and Market
Intelligence, 615-224-1312Keith Johnson, Vice President of Investor
Relations, 615-435-1366Jeb Bachmann, Manager of Investor Relations
and Market Intelligence, 615-224-1118Lenny Raymond, Manager of
Investor Relations and Market Intelligence, 615-224-0828
Media/Public Affairs Contact:Michael P. Ralsky,
Vice President - Government Affairs, Public Affairs &
Communications, 615-435-1407
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