October 2008 Cash Distribution and Upcoming Events



    TSX: SPF.UN

    CALGARY, Oct. 6 /CNW/ -

    
    October 2008 Cash Distribution - $0.135 per Trust Unit
    ------------------------------------------------------
    
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of October 2008 of $0.135 per trust unit payable on
November 14, 2008. The record date is October 31, 2008 and the ex-distribution
date will be October 29, 2008. The Fund's annualized cash distribution rate is
$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.

    
    CIBC World Markets 2008 Income Fund Conference
    ----------------------------------------------
    
    Grant Billing, Chairman and Chief Executive Officer of Superior Plus
Income Fund is presenting at the CIBC World Markets 2008 Income Fund
Conference on October 7, 2008 at 10:35 am ET (8:35 am MT) at the
InterContinental Toronto Centre. The presentation will be audiocast where you
can listen live by visiting Superior's website at: www.superiorplus.com under
the Events and Presentations section. Following the event a recording of the
audiocast will be available for sixty days through a link on Superior's
website under the Events and Presentations section.

    
    2008 Third Quarter Results and Conference Call
    ----------------------------------------------
    
    The Fund expects to release its 2008 third quarter results on Wednesday,
November 5, 2008. A conference call and webcast for investors, analysts,
brokers and media representatives to discuss the 2008 third quarter results is
scheduled for 10:30 am ET (8:30 am MT) on Thursday, November 6, 2008. To
participate in the call, dial: 1-800-731-6941. An archived recording of the
call will be available for replay until midnight, December 6, 2008. To access
the recording, dial: 1-877-289-8525 and enter the pass code 21285348 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.

    
    Superior Plus 2008 Annual Investor Day
    --------------------------------------
    
    The Fund is pleased to announce its upcoming Annual Investor Day on
Thursday, November 20, 2008 at the Fairmont Royal York in Toronto. A detailed
update on Superior's current operations, short and long-term growth
opportunities and financial position will be presented. Members of the
professional investment community are invited to attend. Future details of the
annual event will be found on Superior's website at www.superiorplus.com under
the Events and Presentations section.

    
    Corporate Presentation
    ----------------------
    The Fund is pleased to announce that its most current corporate
presentation is available and a copy can be obtained by visiting Superior's
website at www.superiorplus.com under the Events and Presentations section.

    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 and 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
    -------------------------------------------------------------------------
    





For further information:

For further information: about Superior Plus, please visit our website
at: www.superiorplus.com or contact: A. Scott Daniel, Vice-President,
Treasurer and Investor Relations, Tel: (403) 218-2953, Fax: (403) 218-2973,
E-mail: sdaniel@superiorplus.com, Toll Free: 1-866-490-PLUS (7587)

Organization Profile

SUPERIOR PLUS CORP.

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