TSX:SPF.UN
CALGARY, Aug. 8 /CNW/ -
August 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 August 2007 of $0.13 per trust unit payable on September 14, 2007. The record date is August 31, 2007 and the ex-distribution date will be August 29, 2007. The Fund's current annualized cash distribution rate is $1.56 per trust unit.
For income tax purposes, the income from the August, 2007 cash distribution of $0.13 per trust unit is considered to be other income. 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.
2007 Second Quarter Results Conference Call
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The fund expects to release its 2007 second quarter results on August 8, 2007. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2007 second quarter results is scheduled for 9:30 a.m. EST (7:30 a.m. MST) on Thursday, August 9, 2007. To participate in the call, dial: 1-800-587-1893. An archived recording of the call will be available for replay until midnight, August 16, 2007. To access the recording, dial: 1-877-289-8525 and enter the pass code 21241309 followed by the No. key. Internet users can listen to the call live, or as an archived call, on Superior's website at: www.superiorplus.com under the Events and Presentations section.
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 and electricity supply services in Ontario and natural gas in British Columbia and Quebec.
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 86.5 million
SPF.db.a 8% Debentures, Series 2 $59.0 million principal amount
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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