Superior Plus Income Fund - April 2007 Cash Distribution and Upcoming Events



    TSX: SPF.UN

    CALGARY, April 12 /CNW/ -

    April 2007 Cash Distribution - $0.13 per Trust Unit
    ---------------------------------------------------
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of April 2007 of $0.13 per trust unit payable on
May 15, 2007. The record date is April 30, 2007 and the ex-distribution date
will be April 26, 2007. The Fund's current annualized cash distribution rate
is $1.56 per trust unit.
    For income tax purposes, the income from the April, 2007 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.

    DRIP
    ----
    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.

    Upcoming Release of 2007 First Quarter Results and Conference Call
    ------------------------------------------------------------------
    The fund expects to release its 2007 first quarter results on May 8,
2007. A conference call and webcast for investors, analysts, brokers and media
representatives to discuss the 2007 first quarter results is scheduled for
9:30 a.m. EST (7:30 a.m. MST) on Wednesday, May 9, 2007. To participate in the
call, dial: 1-800-733-7571. A recording of the call will be available for
replay until midnight, June 9, 2007. To access the recording, dial:
1-877-289-8525 and enter the pass code: 21226852 followed by the No. 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.

    Annual Filings and Meeting of Unitholders
    -----------------------------------------
    In March 2007, the Fund filed with the Canadian Securities
Administrators, Consolidated Financial Statements and accompanying notes for
the year ended December 31, 2006, as well as the related Management's
Discussion and Analysis. The Fund also filed its Annual Information Form.
These documents are available online at www.sedar.com or on the Fund's
website. The print versions of the 2006 Annual Report and Notice of Annual
Meeting and Management Proxy Circular have been mailed to Unitholders. The
Fund only mailed the 2006 Annual Report to those investors who had requested
to receive a copy. If you did not request the 2006 Annual Report, it is
available to you on the SEDAR website, the Fund's website, or by calling
Superior Plus at 403-218-2970, or toll free at: 1-866-490-7587.
    The Fund's Annual Meeting will be held in the Strand/Tivoli Room of the
Metropolitan Centre, 333 - 4 Avenue SW, Calgary, Alberta at 2:00 pm (MST) on
Tuesday, May 8, 2007. A live audio webcast of the meeting including a
corporate update presentation can be accessed from Superior Plus' website:
www.superiorplus.com.

    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 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                    85.8 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, 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); or with respect to
DRIP inquiries, Leanne Likness, Corporate Secretary, Tel: (403) 218-2954, Fax:
(403) 218-2973, E-mail: llikness@superiorplus.com

Organization Profile

SUPERIOR PLUS CORP.

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