EL PASO, Texas, Oct. 31, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of the general partner of Western Refining Logistics, LP (NYSE:WNRL) declared a quarterly cash distribution for the third quarter 2014 of $0.3175 per unit, or $1.27 per unit on an annualized basis. This distribution represents a 3.3% increase over the quarterly distribution of $0.3075 per unit paid in August 2014, and a 10.4% increase over the minimum quarterly distribution. The third quarter distribution will be paid on November 24, 2014, to all unitholders of record at the close of market on November 14, 2014.
About Western Refining Logistics, LP
Western Refining Logistics, LP is principally a fee-based, growth-oriented master limited partnership formed by Western Refining, Inc. (NYSE:WNR) to own, operate, develop, and acquire terminals, storage tanks, pipelines, and other logistics assets related to the terminalling, transportation, and storage of crude oil and refined products. Headquartered in El Paso, Texas, Western Refining Logistics' assets include approximately 300 miles of pipelines, approximately eight million barrels of active storage capacity, distribution of wholesale petroleum products, and crude oil trucking.
More information about Western Refining Logistics is available at www.wnrl.com.
This release is intended to serve as qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of Western Refining Logistics' distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Refining Logistics' distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.
CONTACT: Investor and Analyst Contact: Michelle Clemente (602) 286-1533 Jeffrey S. Beyersdorfer (602) 286-1530 Media Contact: Gary W. Hanson (602) 286-1777
Source:Western Refining Logistics, LP