SunCoke Energy : Partners, L.P. : Announces Seventh Consecutive Increase for Quarterly Cash Distribution
January 26, 2015 at 04:16 pm EST
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The SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors today
declared a quarterly cash distribution of $0.5408 per limited
partnership unit, payable on February 27, 2015, to holders of record on
February 13, 2015. This is the seventh consecutive quarter that SXCP has
increased cash distribution per unit, which is up 14 percent over the
prior year period.
ABOUT SUNCOKE ENERGY PARTNERS, L.P.
SunCoke Energy Partners, L.P. (NYSE: SXCP) is a publicly-traded master
limited partnership that manufactures coke used in the blast furnace
production of steel and provides coal handling services to the coke,
steel and power industries. Our advanced, heat recovery cokemaking
process produces consistently high-quality coke, captures waste heat to
generate steam or electricity, and reduces environmental impacts. Our
coal handling terminals have the collective capacity to blend and
transload more than 30 million tons of coal annually and are
strategically located to enable material delivery to U.S. ports in the
Gulf Coast, East Coast and Great Lakes. Our General Partner is a wholly
owned subsidiary of SunCoke Energy, Inc. (NYSE: SXC), the largest
independent producer of coke in the Americas, with 50 years of
cokemaking experience and an international reputation for leadership,
innovation and environmental stewardship in our industry.
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.
SunCoke Energy, Inc. is an independent producer of coke. The Companyâs segments include Domestic Coke, Brazil Coke, and Logistics. The Domestic Coke segment consists of coke making facilities and heat recovery operations at its Jewell, Indiana Harbor, Haverhill, Granite City and Middletown plants. The Brazil segment consists of coke making operations located in Vitoria, Brazil, where it operates the ArcelorMittal Brazil coke making facility for a Brazilian subsidiary of ArcelorMittal S.A. The Logistics segment consists of Convent Marine Terminal (CMT), Kanawha River Terminal (KRT) and SunCoke Lake Terminal (Lake Terminal). Its terminals act as intermediaries between its customers and end users by providing transloading and mixing services. CMT is located in Convent, Louisiana, with access to seaborne markets for coal and other industrial materials. The terminal provides loading and unloading services and has direct rail access.