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FAQs

Why did SunCoke Energy, Inc. separate from Sunoco, Inc.?

In June 2010, Sunoco made the strategic decision to spin-off SunCoke Energy, Inc. as a separate, publicly-traded company. SunCoke Energy’s cokemaking business is separate and distinct from Sunoco’s transportation fuels business with different business models, different customers and no significant integration or synergies. As a separate company, SunCoke Energy, Inc. is better able to focus on its world-class steelmaking customers, directly access the financial markets and pursue its global growth strategies.

This separation occurred in two steps:

  • An initial public offering of approximately 20% of SunCoke Energy’s common stock was completed on July 21, 2011.
  • A pro-rata, tax-free distribution of all of the remaining shares of SunCoke Energy’s common stock owned by Sunoco in the form of a special stock dividend to Sunoco shareholders was completed on January 17, 2012. Sunoco shareholders received 0.53046456 shares of SunCoke Energy’s common stock for every one share of Sunoco’s common stock held as of the January 5, 2012 record date. Sunoco delivered cash in lieu of any fractional share of SunCoke Energy’s common stock.

Please read the information statement distributed by Sunoco on or about January 9, 2012, for more information about this transaction.

When did SunCoke Energy, Inc. become a public company?

SunCoke Energy’s first day of trading as a public company was July 21, 2011.

I am a SUN shareholder, what does the separation with SunCoke Energy, Inc. mean?

If you held Sunoco common stock on the January 5, 2012, record date, you received a pro-rata distribution of SunCoke shares effective January 17, 2012. As a result, you became a shareholder in both companies.

I received SunCoke Energy, Inc. shares as part of the Sunoco distribution, how does this distribution impact my taxes?

Sunoco’s distribution of SunCoke shares to U.S. shareholders is generally considered a tax-free distribution. No gain or loss will be recognized by (and no amount will be included in income) in connection with this distribution, except with respect to any cash in lieu of fractional shares of SunCoke common stock paid. However, shareholders need to allocate their tax basis in Sunoco common stock between Sunoco and SunCoke on a basis relative to the fair market value of both companies at the time of the distribution. Please see the question below.

You are strongly advised to consult your own tax advisor as to the specific tax consequences to you of the distribution in light of your particular circumstances. Please see the information statement for additional information about the U.S. Federal Income Tax Consequences of the distribution.

I received SunCoke Energy, Inc. shares as part of the Sunoco distribution, how does my tax basis adjust?

Your original tax basis in Sunoco common stock will be allocated between Sunoco and SunCoke on a basis relative to the fair market value of both companies at the time of the distribution. Sunoco has completed IRS Form 8937, which contains the official information on this allocation. This form indicates that based on the stock price of SunCoke and Sunoco on the January 17, 2012, distribution date, this allocation is as follows:

Closing Stock Price on January 17, 2012:

  • Sunoco, Inc. (NYSE: SUN): $42.31
  • SunCoke Energy, Inc. (NYSE: SXC): $13.40
  • Distribution Ratio: 0.53 shares of SXC for every one share of SUN

Step 1: Calculate value of SXC stock distributed per share of SUN held.

0.53 x $13.40 = $7.10 » Value of SXC stock received per share of SUN

Step 2: Calculate the value above as a percentage of SUN’s market price on the January 17, 2012, distribution date:

$7.10 ÷ $42.31 = 16.8% » Percent of original tax basis allocable to SXC shares
83.2% » Percent of original tax basis retained by SUN shares

You are strongly advised to consult your own tax advisor as to the specific tax consequences to you of the distribution in light of your particular circumstances.

How will the distribution of SunCoke Energy, Inc. be completed?

Registered holders of shares of Sunoco common stock who were entitled to receive the distribution were mailed a statement reflecting the deposit of shares of SunCoke Energy’s common stock into their account on or about January 23, 2012. Sunoco shareholders who hold their shares of Sunoco’s common stock through a broker, bank, or other nominee and were entitled to receive the distribution will have their brokerage account credited with shares of SunCoke Energy’s common stock.

Will SunCoke Energy, Inc. pay a dividend?

SunCoke Energy, Inc. paid its very first cash dividend of $0.0585 per share on November 28, 2014, to shareholders of record on November 14, 2014. Future dividends will be declared at the discretion of SunCoke Energy’s Board of Directors.

Where is the Company’s stock traded?

SunCoke Energy’s common stock is listed on the New York Stock Exchange under the ticker symbol SXC.

Who is SunCoke Energy’s transfer agent? How can I contact them?

Computershare is SunCoke Energy’s transfer agent. You can reach Computershare at:

U.S. &
Canada:
1.855.879.4044
International: 1.781.575.2879
Hearing
Impaired :
1.800.952.9245
Address: Computershare Investor Services
Attn: SunCoke Shareholder Services
P.O. Box 43078
Shareholder Services
Providence, RI 02940-3078
Website: www.computershare.com

How do I sell my shares?

You may sell your shares through the broker of your choice or by contacting Computershare at the phone and address above.

How do I change the name on my SunCoke Energy, Inc. shares or change my address?

Please contact Computershare at the phone and address above.

Where can I find historical SunCoke Energy, Inc. stock performance or financial information?

Please visit the Stock Information page of our website.

When is the next earnings release?

Suncoke Energy, Inc. reports earnings on a quarterly basis. The date of future earnings releases will be posted to the Event Calendar page at least one week in advance.

Who should I contact regarding investor inquiries?

Please visit the Key Contacts page.

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