TSX: SPF.UN
CALGARY, April 10 /CNW/ -
April 2008 Cash Distribution - $0.135 per Trust Unit
----------------------------------------------------
Superior Plus Income Fund (the "Fund") today announced its cash distribution for the month of April 2008 of $0.135 per trust unit payable on May 15, 2008. The record date is April 30, 2008 and the ex-distribution date will be April 28, 2008. The Fund's annualized cash distribution rate is expected to be $1.62 per trust unit.
For tax purposes, the distributions are expected to substantially be taxable as "other income" to Unitholders. A summary of cash distributions since inception and tax information is posted under the Investor Information section of the Fund's website at: www.superiorplus.com.
Upcoming Release of 2008 First Quarter Results and Conference Call
------------------------------------------------------------------
The fund expects to release its 2008 first quarter results on Tuesday, May 6, 2008. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2008 first quarter results is scheduled for 7:30am MST on Wednesday, May 7, 2008. To participate in the call, dial: 1-800-732-6179. A recording of the call will be available for replay until midnight, June 7, 2008. To access the recording, dial: 1-877-289-8525 and enter pass code: 21268794, 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 General Meeting of Unitholders
-------------------------------------
The Fund's Annual General Meeting of Unitholders will be held in the Strand/Tivoli Room of The Metropolitan Centre, 333 - 4th Avenue SW, Calgary, Alberta on Tuesday, May 6, 2008 at 2:00pm (MST).
About Superior Plus and the Fund
--------------------------------
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 businesses: 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 a leading distributor of walls and ceilings construction products in North America; and Superior Energy Management provides fixed-price natural gas supply services in Ontario, Quebec, and British Columbia along with fixed-price electricity supply services in Ontario.
The Fund's trust units and convertible debentures trade on the Toronto Stock Exchange as follows:
Trading Symbol Security Issued and Outstanding ------------------------------------------------------------------------- SPF.un Trust Units 88.4 million 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 -------------------------------------------------------------------------