TSX:SPF.UN
CALGARY, Feb. 4 /CNW/ -
February 2008 Cash Distribution - $0.13 per Trust Unit
------------------------------------------------------
Superior Plus Income Fund (the "Fund") today announced its cash distribution for the month of February 2008 of $0.13 per trust unit payable on March 14, 2008. The record date is February 29, 2008 and the ex-distribution date will be February 27, 2008. The Fund's current annualized cash distribution rate is $1.56 per trust unit.
The final tax components for distributions declared for the year 2007 are as follows:
-------------------------------------------------------------------------
Return Total
Other of Distri-
Record Date Payment Date Income Capital Dividend bution
-------------------------------------------------------------------------
January 31, 2007 February 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
February 28, 2007 March 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
March 31, 2007 April 13, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
April 30, 2007 May 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
May 31, 2007 June 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
June 30, 2007 July 13, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
July 31, 2007 August 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
August 31, 2007 September 14, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
September 30, 2007 October 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
October 31, 2007 November 15, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
November 30, 2007 December 14, 2007 0.13 - - 0.13
-------------------------------------------------------------------------
December 31, 2007 January 15, 2008 0.13 - - 0.13
-------------------------------------------------------------------------
2007 Total $1.56 - - $1.56
-------------------------------------------------------------------------
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.
DRIP
----
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.
Upcoming Release of 2007 Fourth Quarter and Year-End Results And
Conference Call
----------------------------------------------------------------
Superior expects to release its 2007 fourth quarter and year-end results on Thursday, February 28, 2008, in the late afternoon. A conference call and web-cast for investors, analysts, brokers, and media representatives to discuss the 2007 results is scheduled for 5:00pm EST (3:00pm MST) on February 28, 2008. Callers may participate by dialing 1-800-733-7560. A recording of the call will be available for replay until midnight April 2, 2008 by dialing 1-877-289-8525 and entering pass code 21259076 followed by the Number 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 Meeting of Unitholders
-----------------------------
The Fund's Annual 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 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 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 87.9 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 -------------------------------------------------------------------------