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Superior Plus Income Fund - June 2007 Cash Distribution
Superior Plus Income Fund - June 2007 Cash Distribution.
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\nTSX: SPF.UN\n\n\nCALGARY, June 7 /CNW/ -\n\n\nJune 2007 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 June 2007 of $0.13 per trust unit payable on\nJuly 13, 2007. The record date is June 30, 2007 and the ex-distribution date\nwill be June 27, 2007. The Fund's current annualized cash distribution rate is\n$1.56 per trust unit.\n\n\nFor income tax purposes, the income from the June, 2007 cash distribution\nof $0.13 per trust unit is considered to be other income. A summary of cash\ndistributions since inception and tax information is posted under the Investor\nInformation section of Superior'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 Superior Plus Income Fund at\nan effective discount of 5% to the Fund's market price. The DRIP program\noffers Unitholders the opportunity to steadily increase their ownership in\nSuperior Plus without commissions or brokerage fees. Further information on\nthe DRIP is posted on the Fund's website. Unitholders whose units are\nregistered in the name of an investment banker, stockbroker, bank, trust\ncompany or other nominee should contact such nominee if they wish to enrol in\nthe 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, 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\...