LISLE, Ill., Jan. 23, 2017 /PRNewswire/ -- Today, the
SunCoke Energy Partners, L.P. (NYSE: SXCP) Board of Directors declared a fourth quarter 2016 cash distribution of $0.5940 per limited partnership unit, or $2.38 annualized. The fourth quarter
2016 distribution is the 16th consecutive distribution from SXCP since its IPO in January
2013 and will be payable on March 1, 2017, to unitholders of record on February 15, 2016.
Going forward, the SXCP Board of Directors anticipates maintaining the existing distribution during ongoing dialogue with
SunCoke Energy, Inc. (NYSE: SXC) around the proposed Simplification Transaction announced October 31,
2016.
UPCOMING EVENTS
SXCP will host its fourth quarter 2016 earnings call at 10:00 am ET on January 26, 2017. The 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 47873365.
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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SOURCE SunCoke Energy Partners, L.P.