SunCoke Energy Partners, L.P. Declares Distribution of $0.5940 Per Unit
October 18 2016 - 4:30PM
Business Wire
Today, the SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of
Directors declared a third quarter 2016 cash distribution of
$0.5940 per limited partnership unit, or $2.38 annualized. The
third quarter 2016 distribution is the 15th consecutive
distribution from SXCP since its IPO in January 2013 and will be
payable on December 1, 2016, to unitholders of record on November
15, 2016.
UPCOMING EVENTS
SXCP will host its third quarter 2016 earnings conference call
on Thursday, October 20, 2016, at 10:00 a.m. Eastern Time (9:00
a.m. Central Time). This conference call will be webcast live and
archived for replay in the Investors section of www.suncoke.com.
Investors may participate in this call by dialing 1-866-393-4306 in
the U.S. or 1-617-826-1698 if outside the U.S., confirmation code
89771946.
ABOUT SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly traded
master limited partnership that manufactures high-quality coke used
in the blast furnace production of steel and provides export and
domestic coal handling services to the coke, coal, steel and power
industries. In our cokemaking business, we utilize an innovative
heat-recovery technology that captures excess heat for steam or
electrical power generation and have long-term, take-or-pay coke
contracts that pass through commodity and certain operating costs.
Our coal handling terminals have the collective capacity to blend
and transload more than 40 million tons of coal each year and are
strategically located to reach Gulf Coast, East Coast, Great Lakes
and international ports. SXCP’s General Partner is a wholly owned
subsidiary of SunCoke Energy, Inc. (NYSE: SXC), which has more than
50 years of cokemaking experience serving the integrated steel
industry. To learn more about SunCoke Energy Partners, L.P., visit
our website at www.suncoke.com.
NOTICE
This statement is intended to serve as qualified notice to
nominees as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d) given by a publicly traded partnership for
the nominee to be treated as a withholding agent. Please note that
SunCoke Energy Partners, L.P.'s quarterly cash distributions are
treated as partnership distributions for federal income tax
purposes and that 100 percent of these distributions to foreign
investors are attributable to income that is effectively connected
with a United States trade or business. Accordingly, all of SunCoke
Energy Partners, L.P.'s distributions to a nominee on behalf of
foreign investors are subject to federal income tax withholding at
the highest marginal tax rate for individuals or corporations, as
applicable. Nominees, and not SunCoke Energy Partners, L.P., are
treated as the withholding agents responsible for withholding on
the distributions received by them on behalf of foreign
investors.
FORWARD-LOOKING STATEMENTS
Some of the statements included in this press release constitute
“forward-looking statements.” Forward-looking statements include
all statements that are not historical facts and may be identified
by the use of such words as “believe,” “expect,” “plan,” “project,”
“intend,” “anticipate,” “estimate,” “predict,” “potential,”
“continue,” “may,” “will,” “should” or the negative of these terms
or similar expressions. Forward-looking statements are inherently
uncertain and involve significant known and unknown risks and
uncertainties (many of which are beyond the control of SXCP) that
could cause actual results to differ materially.
Such risks and uncertainties include, but are not limited to,
domestic and international economic, political, business,
operational, competitive, regulatory, and/or market factors
affecting SXCP, as well as uncertainties related to: pending or
future litigation, legislation or regulatory actions; liability for
remedial actions or assessments under existing or future
environmental regulations; gains and losses related to acquisition,
disposition or impairment of assets; recapitalizations; access to,
and costs of, capital; the effects of changes in accounting rules
applicable to SXCP; and changes in tax, environmental and other
laws and regulations applicable to SXCP’s businesses.
Forward-looking statements are not guarantees of future
performance, but are based upon the current knowledge, beliefs and
expectations of SXCP management, and upon assumptions by SXCP
concerning future conditions, any or all of which ultimately may
prove to be inaccurate. The reader should not place undue reliance
on these forward-looking statements, which speak only as of the
date of this press release. SXCP does not intend, and expressly
disclaims any obligation, to update or alter its forward-looking
statements (or associated cautionary language), whether as a result
of new information, future events or otherwise after the date of
this press release except as required by applicable law.
SXCP has included in its filings with the Securities and
Exchange Commission cautionary language identifying important
factors (but not necessarily all the important factors) that could
cause actual results to differ materially from those expressed in
any forward-looking statement made by SXCP. For information
concerning these factors, see SXCP’s Securities and Exchange
Commission filings such as its annual and quarterly reports and
current reports on Form 8-K, copies of which are available free of
charge on SXCP’s website at www.suncoke.com. All forward-looking statements
included in this press release are expressly qualified in their
entirety by such cautionary statements. Unpredictable or unknown
factors not discussed in this release also could have material
adverse effects on forward-looking statements.
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version on businesswire.com: http://www.businesswire.com/news/home/20161018006300/en/
SunCoke Energy Partners, L.P.Investors:Kyle Bland: (630)
824-1987Media:Steve Carlson: (630) 824-1783
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