TSX: SPF.UN
CALGARY, Jan. 12 /CNW/ - Superior Plus Income Fund (the "Fund") today
announced its cash distribution for the month of January 2006 of $0.205
(20.5 cents) per trust unit payable on February 15, 2006. The record date is
January 31, 2006 and the ex-distribution date will be January 27, 2006. The
Fund's current annualized cash distribution rate is $2.46 per trust unit.
For income tax purposes, the income from the January 2006 cash
distribution of $0.205 per trust unit is considered to be:
- a dividend of $0.0448 per trust unit
- other income of $0.1602 per trust unit
The final income tax components for distributions declared for the year
2005 are as follows:
<<
Other Return Total
Record Date Payment Date Income of Capital Dividend Distribution
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January 31, February 15, $0.1463 - $0.0537 $0.20
2005 2005
February 28, March 15, $0.1320 - $0.0680 $0.20
2005 2005
March 31, April 15, $0.1350 $0.0160 $0.0490 $0.20
2005 2005
April 30, May 13, $0.1409 - $0.0591 $0.20
2005 2005
May 31, June 15, $0.1462 - $0.0538 $0.20
2005 2005
June 30, July 15, $0.1255 $0.0160 $0.0585 $0.20
2005 2005
July 31, August 15, $0.1530 - $0.0470 $0.20
2005 2005
August 31, September 15, $0.1530 - $0.0470 $0.20
2005 2005
September 30, October 14, $0.1280 $0.0210 $0.0510 $0.20
2005 2005
October 31, November 15, $0.1530 - $0.0470 $0.20
2005 2005
November 30, December 15, $0.1615 - $0.0435 $0.205
2005 2005
December 31, January 13, $0.1017 $0.0549 $0.0484 $0.205
2005 2006
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2005 Total $1.6761 $0.1079 $0.6260 $2.41
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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.
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.
The Fund's trust units and convertible debentures trade on the Toronto
Stock Exchange (the "TSX") as follows:
Trading
Symbol Security Issued and Outstanding
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SPF.un Trust Units 85.6 million
SPF.db 8% Debentures, Series 1 $ 9.0 million principal amount
SPF.db.a 8% Debentures, Series 2 $ 59.1 million principal amount
SPF.db.b 5.75% Debentures $175.0 million principal amount
SPF.db.c 5.85% Debentures $ 75.0 million principal amount
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