TSX: SPF.UN
CALGARY, March 6 /CNW/ - Superior Plus Income Fund (the "Fund") today announced its cash distribution for the month of March 2007 of $0.13 (13.0 cents) per trust unit payable on April 13, 2007. The record date is March 31, 2007 and the ex-distribution date will be March 28, 2007. The Fund's current annualized cash distribution rate is $1.56 per trust unit.
The final income tax components for distributions declared for the year 2006 are as follows:
Return Total Record Other of Distri- Date Payment Date Income Capital Dividend bution ------------------------------------------------------------------------- January 31, 2006 February 15, 2006 $0.1602 - $0.0448 $0.205 February 28, 2006 March 15, 2006 $0.1446 - $0.0604 $0.205 March 31, 2006 April 13, 2006 $0.1379 $0.0238 $0.0233 $0.185 April 30, 2006 May 15, 2006 $0.1545 - $0.0305 $0.185 May 31, 2006 June 15, 2006 $0.13 - - $0.13 June 30, 2006 July 14, 2006 $0.13 - - $0.13 July 31, 2006 August 15, 2006 $0.13 - - $0.13 August 31, 2006 September 15, 2006 $0.13 - - $0.13 September 30, 2006 October 13, 2006 $0.13 - - $0.13 October 31, 2006 November 15, 2006 $0.13 - - $0.13 November 30, 2006 December 15, 2006 $0.13 - - $0.13 December 31, 2006 January 15, 2007 $0.13 - - $0.13 ------------------------------------------------------------------------- 2006 Total $1.6372 $0.0238 $0.1590 $1.82 -------------------------------------------------------------------------
A summary of cash distributions since inception and further tax information, is posted under the Investor Information section of the Fund's website at: www.superiorplus.com.
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 Superior Plus Income 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 Superior Plus 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 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, a regional Midwest supplier of chloralkali products and the third largest producer of potassium products in North America; 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 as follows:
Trading Symbol Security Issued and Outstanding ------------------------------------------------------------------------- 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 $ 59.0 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 -------------------------------------------------------------------------