Superior Plus Income Fund - June 2005 Cash Distribution - $0.20 per Trust Unit

TSX: SPF.UN

CALGARY, June 9 /CNW/ - Superior Plus Income Fund (the "Fund") today
announced its cash distribution for the month of June 2005 of $0.20 (20 cents)
per trust unit payable on July 15, 2005. The record date is June 30, 2005 and
the ex-distribution date will be June 28, 2005. The Fund's current annualized
cash distribution rate is $2.40 per trust unit.
For income tax purposes, the income from the June 2005 cash distribution
of $0.20 per trust unit is considered to be:

-  a return of capital of $0.0160 per trust unit
-  a dividend of $0.0585 per trust unit
-  other income of $0.1255 per trust unit

A summary of cash distributions since inception and tax information is
posted under the Investor Information section of Superior's website at:
www.superiorplus.com.
The Fund holds 100% of Superior Plus Inc., which has four 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 and water treatment industries;
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 trade on the Toronto Stock Exchange (the "TSX")
under the trading symbol SPF.UN. There are 77.7 million trust units
outstanding. The Fund has $11.1 million principal amount of Series 1, and
$71.1 million of Series 2, 8% Convertible Unsecured Subordinated Debentures
outstanding, that trade on the TSX under the trading symbols SPF.DB and
SPF.DB.A, respectively.