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Superior Plus Income Fund - January 2008 Cash Distribution
TSX:SPF.UN CALGARY, Jan. 10 /CNW/ - January 2008 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, Jan. 10 /CNW/ -\n\n\nJanuary 2008 Cash Distribution - $0.13 per Trust Unit\n\n\n-----------------------------------------------------\n\n\nSuperior Plus Income Fund (the "Fund") today announced its cash\ndistribution for the month of January 2008 of $0.13 per trust unit payable on\nFebruary 15, 2008. The record date is January 31, 2008 and the ex-distribution\ndate will be January 29, 2008. The Fund's current annualized cash distribution\nrate 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\nDRIP\n\n\n----\n\n\nThe Fund has a Distribution Reinvestment Plan ("DRIP") available to its\nUnitholders. The DRIP allows participants to have their monthly cash\ndistributions reinvested in additional units of the Fund at an effective\ndiscount of 5% to the Fund's market price. The DRIP program offers Unitholders\nthe opportunity to steadily increase their ownership in the Fund without\ncommissions or brokerage fees. Further information on the DRIP is posted on\nthe Fund's website. Unitholders whose units are registered in the name of an\ninvestment banker, stockbroker, bank, trust company or other nominee should\ncontact such nominee if they wish to enrol in the plan.\n\n\nAbout Superior Plus and 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 and a regional\nMidwest supplier of chloralkali and potassium products; Winroc is the seventh\nlargest distributor of walls and ceilings construction products in Nort...