Superior Plus Income Fund - September 2006 Cash Distribution

TSX: SPF.UN

September 2006 Cash Distribution - $0.13 per Trust Unit
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CALGARY, Sept. 7 /CNW/ - Superior Plus Income Fund (the "Fund") today
announced its cash distribution for the month of September 2006 of $0.13 (13.0
cents) per trust unit payable on October 13, 2006. The record date is
September 30, 2006 and the ex-distribution date will be September 27, 2006.
The Fund's current annualized cash distribution rate is $1.56 per trust unit.
For income tax purposes, the income from the September 2006 cash
distribution of $0.13 per trust unit is considered to be "other income".
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.

About Superior Plus and the Fund
--------------------------------
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 third 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                 85.5 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
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>>