Company: SPH
Filing Date: 2025-02-12
Form Type: S-3
Source: 0001193125-25-024546
Chunk: 34

Company: SUBURBAN PROPANE PARTNERS LP
Filing Date: 2025-02-12
Form: S-3
Chunk 34
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 unitholder may designate specific common units sold for purposes of determining the holding period of common units transferred. A unitholder electing to use the actual holding period of common units transferred must consistently use that identification method for all subsequent sales or exchanges of common units. A unitholder considering the purchase of additional common units or a sale of common units purchased in separate transactions should consult their tax advisors as to the possible consequences of the application of these rules. Specific provisions of the Code affect the taxation of some financial products and securities, including partnership interests, by treating a unitholder as having sold an “appreciated” partnership interest, one in which a gain would be recognized if it were sold, assigned or terminated at its fair market value, if the unitholder or related persons enter(s) into:

| • |     | a short sale; |

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| • |     | an offsetting notional principal contract; or |

| • |     | a futures or forward contract; |

in each case, with respect to the partnership interest or substantially identical property. Moreover, if a unitholder has previously entered into a short sale, an offsetting notional principal contract, or a futures or forward contract with respect to the partnership interest, the unitholder will be treated as having sold that position if the unitholder or a related person then acquires the partnership interest or substantially identical property. The Secretary of the Treasury is also authorized to issue regulations that treat a unitholder that enters into transactions or positions that have substantially the same effect as the preceding transactions as having constructively sold the financial position. Allocations Between Transferors and Transferees In general, our taxable income and losses will be determined annually, will be prorated on a monthly basis in proportion to the number of days in each month and will be subsequently apportioned among our unitholders in proportion to the number of common units owned by each of them as of the opening of the applicable exchange on the first business day of the month, which we refer to in this prospectus as the “Allocation Date.” However, gain or loss realized on a sale or other disposition of our assets other than in the ordinary course of business will be allocated among our unitholders on the Allocation Date in the month in which that gain or loss is recognized. As a result, a unitholder transferring common units may be allocated income, gain, loss, deduction and credit realized after the date of transfer. The U.S. Department of Treasury and the IRS