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Superior Plus Income Fund - December 2006 Cash Distribution - $0.13 per Trust Unit
Superior Plus Income Fund - December 2006 Cash Distribution - $0.13 per Trust Unit.
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\nTSX: SPF.UN\n\n\nCALGARY, Dec. 7 /CNW/ - Superior Plus Income Fund (the \"Fund\") today\nannounced its cash distribution for the month of December 2006 of $0.13\n(13.0 cents) per trust unit payable on January 15, 2007. The record date is\nDecember 31, 2006 and the ex-distribution date will be December 27, 2006. The\nFund's current annualized cash distribution rate is $1.56 per trust unit.\n\n\nFor tax purposes, the distributions are expected to substantially be\ntaxable as \"other income\" to Unitholders. The final tax components will be\nconfirmed after year-end during the tax reporting season. A summary of cash\ndistributions since inception and tax information is posted under the Investor\nInformation section of the Fund's website at: www.superiorplus.com.\n\n\nAbout the Fund\n\n\n--------------\n\n\nSuperior Plus Income Fund is a diversified business trust. The Fund holds\n100% of Superior Plus LP, a limited partnership formed between Superior Plus\nInc., as general partner and the Fund as limited partner. Superior Plus is\nfocused on stability of distributions with value growth and has four Canadian\nbased operating divisions: Superior Propane is Canada's largest distributor of\npropane, related products and services; ERCO Worldwide is a leading supplier\nof chemicals and technology to the pulp and paper industries, a regional\nMidwest supplier of chloralkali products and the third largest producer of\npotassium products in North America; Winroc is the seventh largest distributor\nof walls and ceilings construction products in North America; and Superior\nEnergy Management provides fixed price natural gas supply services in Ontario\nand Quebec. In addition, as part of the strategic plan, JW Aluminum, a leading\nmanufacturer of specialty, flat-rolled aluminum products in the United States,\ncurrently owned by Superior Plus, is in the process of being sold.\n\n\nThe Fund's trust units and convertible debentures trade on the Toronto\nStock Exchange as follows:\n\n\nTrading Symbol Security Issued and Outstanding\n-------------------------------------------------------------------------\n SPF.un Trust Units 85.5 million\n SPF.db 8% Debentures, Series 1 $ 8.1 million principal amount\n SPF.db.a 8% Debentures, Series 2 $ 59.0 million principal amount\n SPF.db.b 5.75% Debentures $174.9 million principal amount\n SPF.db.c 5....