Superior Plus Corp. - January 2009 Cash Dividend



    TSX: SPB

    CALGARY, Jan. 8 /CNW/ -

    
    January 2009 Cash Dividend - $0.135 per share
    ---------------------------------------------
    

    Superior Plus Corp. (the "Corporation" or "Superior Plus") today
announced its cash dividend for the month of January 2009 of $0.135 per share
payable on February 13, 2009. The record date is January 31, 2009 and the
ex-dividend date will be January 28, 2009. The Corporation's annualized cash
dividend rate is $1.62 per share. This dividend is an eligible dividend for
Canadian income tax purposes.
    The 2008 cash distributions paid by Superior Plus Income Fund to
unitholders are expected to substantially be taxable as "other income". A
summary of cash distributions and tax information from inception to December
31, 2008 is posted under the Investor section of the Corporation's website at:
www.superiorplus.com.
    The common shares, 5.75% debentures and 5.85% debentures of Superior Plus
Corp. began trading on the Toronto Stock Exchange (the "TSX") on January 7,
2009 under the symbols "SPB", "SPB.db.b" and "SPB.db.c", respectively.

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

    Superior Plus is a diversified corporation. The Corporation holds 100% of
Superior Plus LP, a limited partnership formed between Superior General
Partner Inc., as general partner and the Corporation as limited partner.
Superior Plus is focused on stability of dividends 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 Corporation's shares and convertible debentures trade on the TSX as
follows:

    Trading Symbol   Security                         Issued and Outstanding
    -------------------------------------------------------------------------
    SPB              Shares                           88.4  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
    -------------------------------------------------------------------------
    

    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 Fund's 2007 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.





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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