Superior Plus Income Fund - December 2007 Cash Distribution

TSX:SPF.UN

CALGARY, Dec. 13 /CNW/ -

December 2007 Cash Distribution - $0.13 per Trust Unit

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Superior Plus Income Fund (the "Fund") today announced its cash distribution for the month of December 2007 of $0.13 per trust unit payable on January 15, 2008. The record date is December 31, 2007 and the ex-distribution date will be December 27, 2007. The Fund's current annualized cash distribution rate is $1.56 per trust unit.

For tax purposes, the distributions are expected to substantially be taxable as "other income" to Unitholders. The final tax components will be confirmed after year-end during the tax reporting season. A summary of cash distributions since inception and tax information is posted under the Investor Information section of the Fund's website at: www.superiorplus.com.

DRIP

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The Fund has a Distribution Reinvestment Plan ("DRIP") available to its Unitholders. The DRIP allows participants to have their monthly cash distributions reinvested in additional units of the Fund at an effective discount of 5% to the Fund's market price. The DRIP program offers Unitholders the opportunity to steadily increase their ownership in the Fund without commissions or brokerage fees. Further information on the DRIP is posted on the Fund's website. Unitholders whose units are registered in the name of an investment banker, stockbroker, bank, trust company or other nominee should contact such nominee if they wish to enrol in the plan.

About Superior Plus and the Fund

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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 is focused on stability of distributions with value growth and 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 and a regional Midwest supplier of chloralkali and potassium products; 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, Quebec, and British Columbia along with fixed-price electricity supply services in Ontario.

The Fund's trust units and convertible debentures trade on the Toronto Stock Exchange as follows

Trading
 Symbol     Security                     Issued and Outstanding
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SPF.un      Trust Units                  87.3 million
SPF.db.b    5.75% Debentures, Series 1   $174.9 million principal amount
SPF.db.c    5.85% Debentures, Series 1   $ 75.0 million principal amount
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