Superior Plus In Discussions to Sell JW Aluminum

TSX: SPF.UN

CALGARY, Nov. 7 /CNW/ - Superior Plus Income Fund (the "Fund") announced
today that it has come to its attention that a news release has been made by a
third party claiming that Superior Plus has entered into an agreement to sell
the JW Aluminum business.
The Fund had announced in July 2006, as part of its strategic plan
designed to maximize unitholder value and achieve long-term stability and
growth that it would put JW Aluminum up for sale with proceeds to be used to
reduce debt.
To date, the Fund is in active negotiations and discussions and no
definitive agreement has been reached between the parties and it is not
certain whether or not an agreement will be concluded.
JWA is a leading manufacturer of specialty, flat-rolled aluminium
products, primarily serving the heating, ventilation and air conditioning,
building and construction and flexible packaging end-use markets in the United
States.

About the Fund
--------------
Superior Plus Income Fund is a diversified business trust. The Fund holds
100% of Superior Plus LP, a limited partnership formed between Superior Plus
Inc., as general partner and the Fund as limited partner. Superior Plus has
four Canadian based operating divisions: Superior Propane is Canada's largest
distributor of propane, related products and services; ERCO Worldwide is a
leading supplier of chemicals and technology to the pulp and paper industries,
a regional Midwest supplier of chloralkali products and the third largest
producer of potassium products in North America; Winroc is the seventh largest
distributor of walls and ceilings construction products in North America; and
Superior Energy Management provides fixed price natural gas supply services in
Ontario and Quebec.

The Fund's trust units and convertible debentures trade on the Toronto
Stock Exchange as follows:
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Trading Symbol  Security                        Issued and Outstanding
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SPF.un          Trust Units                           85.5 million
SPF.db          8% Debentures, Series 1   $  8.1 million principal amount
SPF.db.a        8% Debentures, Series 2   $ 59.0 million principal amount
SPF.db.b        5.75% Debentures          $174.9 million principal amount
SPF.db.c        5.85% Debentures          $ 75.0 million principal amount
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>>