Superior Plus Announces January 2010 Cash Dividend and Upcoming Events

TSX: SPB

CALGARY, Jan. 7 /CNW/ -

    
    January 2010 Cash Dividend - $0.135 per share
    ---------------------------------------------
    

Superior Plus Corp. ("Superior") today announced its cash dividend for the month of January, 2010 of $0.135 per share payable on February 15, 2010. The record date is January 31, 2010 and the ex-dividend date will be January 27, 2010. Superior's annualized cash dividend rate is currently $1.62 per share.

A summary of Superior's dividends for the year 2009 is detailed below. These dividends are considered to be an eligible dividend for Canadian income tax purposes.

    
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    Record Date              Payment Date                 Total Dividend

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    January 31, 2009         February 13, 2009                 0.135
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    February 28, 2009        March 13, 2009                    0.135
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    March 31, 2009           April 15, 2009                    0.135
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    April 30, 2009           May 15, 2009                      0.135
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    May 31, 2009             June 15, 2009                     0.135
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    June 30, 2009            July 15, 2009                     0.135
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    July 31, 2009            August 14, 2009                   0.135
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    August 31, 2009          September 15, 2009                0.135
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    September 30, 2009       October 15, 2009                  0.135
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    October 31, 2009         November 13, 2009                 0.135
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    November 30, 2009        December 15, 2009                 0.135
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    December 31, 2009        January 15, 2010                  0.135 (1)
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                                           2009 Total          $1.62
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    (1) For income tax purposes, the dividend paid on January 15, 2010 will
        be taxable in 2010.


    2009 Fourth Quarter and Year-End Results and Conference Call
    ------------------------------------------------------------
    

Superior expects to release its 2009 fourth quarter and year-end results on Thursday, February 18, 2010. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2009 Fourth Quarter and Year-End Results is scheduled for 8:30 a.m. MST on Friday, February 19, 2010. To participate in the call, dial: 1-888-231-8191. An archived recording of the call will be available for replay until midnight, Friday, March 19, 2010. To access the recording, dial: 1-800-642-1687 and enter pass code 49432834. Internet users can listen to the call live, or as an archived call, on Superior's website at: www.superiorplus.com under the Events section.

    
    Annual Meeting of Shareholders
    ------------------------------
    

Superior's Annual Meeting of Shareholders will be held in the Lecture Theatre of The Metropolitan Conference Centre, 333 - 4th Avenue SW, Calgary, Alberta on Wednesday, May 5, 2010 at 2:00 p.m. MST.

    
    About the Corporation
    ---------------------
    

Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates and related fixed-price energy services; Specialty Chemicals includes the manufacture and sale of specialty chemicals; and Construction Products Distribution includes the distribution of specialty construction products.

Superior's shares and convertible debentures trade on the TSX as follows:

    
    Trading
    Symbol       Security                    Issued and Outstanding
    -------------------------------------------------------------------------
    SPB          Common Shares                100.0 million
    SPB.db.b     5.75% Debentures, Series 1  $174.9 million principal amount
    SPB.db.c     5.85% Debentures, Series 1  $ 75.0 million principal amount
    SPB.db.d     7.5% Debentures             $ 69.0 million principal amount
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Forward Looking Information

Certain information included in this Press Release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words. Forward-looking information in this Press Release includes but is not limited to, assumptions concerning the future payment of dividends and the treatment of shareholders under tax laws. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information. These risks and uncertainties include but are not limited to the inability of Superior to meet the liquidity tests set forth in the Canada Business Corporations Act with respect to the payment of dividends and future changes to applicable tax laws and the other risks identified in the Corporation's 2008 Annual Information Form under the heading "Risk Factors", which is available on the SEDAR website (www.sedar.com). Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

SOURCE SUPERIOR PLUS CORP.

For further information: For further information: about Superior, please visit our website at: www.superiorplus.com or contact: Wayne Bingham, Executive Vice-President and Chief Financial Officer, Tel: (403) 218-2951, Fax: (403) 218-2973, E-mail: wbingham@superiorplus.com; or Jay Bachman, Vice-President, Investor Relations and Planning, Tel: (403) 218-2957, Fax: (403) 218-2973, E-mail: jbachman@superiorplus.com, Toll Free: 1-866-490-PLUS (7587)

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SUPERIOR PLUS CORP.

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