Master limited partnerships or “MLPs” are publicly traded limited partnerships. An ownership share in an MLP is called a “unit.” General information pertaining to MLPs can be obtained from the National Association of Publicly Traded Partnerships.
Delek Logistics trades on the New York Stock Exchange under the symbol “DKL”.
Public ownership represents 37.3% of the limited partner interest. Delek US, through certain affiliates, owns a 2% general partner interest and the remaining limited partner interest in Delek Logistics Partners, LP.
Delek Logistics is headquartered in Brentwood, Tennessee.
A distribution payment is similar to a dividend that an investor would receive from a corporation. In the case of an MLP, a distribution represents a cash payment made to unit holders, often on a quarterly or other regular basis. We intend to pay a minimum quarterly cash distribution to the extent we have sufficient cash from operations after the establishment of a cash reserve as determined by our general partner. We refer to this as “available cash.” The amount of available cash may be greater or less than the minimum quarterly distribution.
Delek Logistics will provide unit holders with a Schedule K-1 for tax reporting purposes. Our web site has a link under Tax Information section for unit holders to attain more information regarding their Schedule K-1 each year.
The transfer agent and registrar for Delek Logistics is American Stock Transfer & Trust Company, LLC.