Business
Superior Plus Income Fund - June 2008 Cash Distribution
TSX: SPF.UN CALGARY, June 12 /CNW/ - June 2008 Cash Distribution - $0.135 per Trust Unit
About this update from Superior Plus Corp
[{"type":"text","content":"\n\n\n\nTSX: SPF.UN\n\n\nCALGARY, June 12 /CNW/ -\n\n\nJune 2008 Cash Distribution - $0.135 per Trust Unit\n\n\n---------------------------------------------------\n\n\nSuperior Plus Income Fund (the "Fund") today announced its cash\ndistribution for the month of June 2008 of $0.135 per trust unit payable on\nJuly 15, 2008. The record date is June 30, 2008 and the ex-distribution date\nwill be June 26, 2008. The Fund's annualized cash distribution rate is $1.62\nper trust unit.\n\n\nFor tax purposes, the distributions are expected to substantially be\ntaxable as "other income" to Unitholders. A summary of cash distributions\nsince inception and tax information is posted under the Investor Information\nsection of the Fund's website at: www.superiorplus.com.\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 businesses: Superior Propane is Canada's largest distributor\nof propane, related products and services; ERCO Worldwide is a leading\nsupplier of chemicals and technology to the pulp and paper industries and a\nregional Midwest supplier of chloralkali and potassium products; Winroc is a\nleading distributor of walls and ceilings construction products in North\nAmerica; and Superior Energy Management provides fixed-price natural gas\nsupply services in Ontario, Quebec, and British Columbia along with\nfixed-price electricity supply services in Ontario.\n\n\nThe Fund's trust units and convertible debentures trade on the Toronto\nStock Exchange as follows:\n\n\n-------------------------------------------------------------------------\nTrading Symbol Security Issued and Outstanding\n-------------------------------------------------------------------------\nSPF.un Trust Units 88.4 million\n-------------------------------------------------------------------------\nSPF.db.b 5.75% Debentures, Series 1 $174.9 million\n principal amount\n-------------------------------------------------------------------------\nSPF.db.c 5.85% Debentures, Series 1 $ 75.0 million\n princi...