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Superior Plus Income Fund 2006 Third Quarter Release and November 2006 Cash Distribution Notice
Superior Plus Income Fund 2006 Third Quarter Release and November 2006 Cash Distribution Notice.
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\n\nTSX: SPF.UN\n\nCALGARY, Nov. 8 /CNW/ -\n\n>\nCash Distribution Notice\n------------------------\nThe Fund announced today its cash distribution for the month of November\n2006 of $0.13 (13 cents) per trust unit, payable on December 15, 2006, to\nUnitholders of record at the close of business on November 30, 2006. The\nex-distribution date will be November 28, 2006. For income tax purposes, the\ncash distribution of $0.13 per trust unit is expected to be substantially\ntaxable as \"other income\" to Unitholders. A cash distribution summary since\ninception of the Fund, together with tax information, is posted on our website\nat www.superiorplus.com.\n\n\nManagement's Discussion and Analysis of 2006 Third Quarter Results\n------------------------------------------------------------------\n\nForward Looking Statements\n--------------------------\nExcept for the historical and present factual information, certain\nstatements contained herein are forward-looking. Such forward-looking\nstatements are not guarantees of future performance and involve a number of\nknown and unknown risks and uncertainties which may cause the actual results\nof the Superior Plus Income Fund (the \"Fund\") or its wholly owned partnership,\nSuperior Plus LP (\"Superior\") in future periods to differ materially from any\nprojections expressed or implied by such forward-looking statements and\ntherefore should not be unduly relied upon. Any forward-looking statements are\nmade as of the date hereof and neither the Fund nor Superior undertakes any\nobligation to publicly update or revise such statements to reflect new\ninformation, subsequent events or otherwise.\n\nDistributable Cash Flow and Other Non-GAAP Measures\n---------------------------------------------------\nDistributable cash flow of the Fund available for distribution to\nUnitholders, is equal to cash generated from operations before natural gas\ncustomer acquisition costs and changes in working capital, less amortization\nof natural gas customer acquisition costs and maintenance capital\nexpenditures. Maintenance capital expenditures are equal to capital\nexpenditures incurred to maintain the capacity of Superior's operations and\nare deducted from the calculation of distributable cash flow. Acquisitions and\nother capital expenditures incurred to expand the capacity of Superior's\nope...