TSX: SPF.UN
CALGARY, April 6 /CNW/ -
April 2006 Cash Distribution - $0.185 per Trust Unit
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Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of April 2006 of $0.185 (18.5 cents) per trust unit
payable on May 15, 2006. The record date is April 30, 2006 and the ex-
distribution date will be April 26, 2006. The Fund's current annualized cash
distribution rate is $2.22 per trust unit.
For income tax purposes, the income from the April 2006 cash distribution
of $0.185 per trust unit is considered to be:
- a dividend of $0.0305 per trust unit;
- other income of $0.1545 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.
Upcoming Release of 2006 First Quarter Results and Conference Call
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The Fund expects to release its 2006 first quarter results on May 3,
2006. A conference call and webcast for investors, analysts, brokers and media
representatives to discuss the 2006 first quarter results is scheduled for
10:30 am EST (8:30 am MST) on Thursday, May 4, 2006. To participate in the
call, dial: 1-800-814-4890. A recording of the call will be available for
replay until midnight, May 11, 2006. To access the recording,
dial: 1-877-289-8525 and enter the pass code: 21182436 followed by the pound
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.
Annual Filings and Meeting of Unitholders
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In March 2006, the Fund and Superior Plus have filed with the Canadian
Securities Administrators, Consolidated Financial Statements and accompanying
notes for the year ended December 31, 2005, as well as the related
Management's Discussion and Analysis. The Fund also filed its Annual
Information Form. These documents are available online at www.sedar.com or on
the Fund's website. The print versions of the 2005 Annual Report and Notice of
Annual Meeting and Management Proxy Circular have been mailed to Unitholders.
The Fund only mailed the 2005 Annual Report to those investors who had
requested to receive a copy. If you did not request the 2005 Annual Report, it
is available to you on the SEDAR website, the Fund's website, or by calling
Superior Plus at 403-218-2970, or toll-free at: 1-866-490-7587.
The Fund's Annual Meeting will be held in the Strand/Tivoli Room of The
Metropolitan Centre, 333 - 4 Avenue SW, Calgary, Alberta at 2:00 pm (MST) on
Wednesday, May 3, 2006. A live audio webcast of the meeting including a
corporate update presentation can be accessed from Superior Plus' website:
www.superior.plus.com.
About Superior Plus and the Fund
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The Fund holds 100% of Superior Plus Inc., which has five 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
and the second largest producer of potassium products in North America; JW
Aluminum is a leading manufacturer of specialty, flat-rolled aluminum products
in the United States; 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.
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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 85.5 million
SPF.db 8% Debentures, Series 1 $ 8.1 million principal amount
SPF.db.a 8% Debentures, Series 2 $259.0 million principal amount
SPF.db.b 5.75% Debentures $174.9 million principal amount
SPF.db.c 5.85% Debentures $ 75.0 million principal amount
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