BRENTWOOD, Tenn., Jan. 25, 2017 (GLOBE NEWSWIRE) -- Delek Logistics Partners, LP (NYSE:DKL) (“Delek Logistics”)
today declared its quarterly cash distribution for the fourth quarter 2016 of $0.68 per limited partner unit, or $2.72 per limited
partner unit on an annualized basis. This distribution represents a 3.8 percent increase from the distribution for the third
quarter 2016 of $0.655 per limited partner unit ($2.62 per limited partner unit annualized) and a 15.3 percent increase over Delek
Logistics’ distribution for the fourth quarter 2015 of $0.59 per limited partner unit ($2.36 per limited partner unit annualized).
The fourth quarter 2016 cash distribution is payable on February 14, 2017 to unitholders of record on February 7, 2017.
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' 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. 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 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.
U.S. Investor / Media Relations Contact: Keith Johnson Vice President of Investor Relations 615-435-1366
