Superior Plus Income Fund - February 2008 Cash Distribution, Upcoming Events and Summary of Cash Distributions for 2007 Income Tax Purposes



    TSX:SPF.UN

    CALGARY, Feb. 4 /CNW/ -

    February 2008 Cash Distribution - $0.13 per Trust Unit
    ------------------------------------------------------
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of February 2008 of $0.13 per trust unit payable on
March 14, 2008. The record date is February 29, 2008 and the ex-distribution
date will be February 27, 2008. The Fund's current annualized cash
distribution rate is $1.56 per trust unit.
    The final tax components for distributions declared for the year 2007 are
as follows:

    
    -------------------------------------------------------------------------
                                                   Return              Total
                                           Other     of               Distri-
    Record Date        Payment Date       Income  Capital   Dividend  bution
    -------------------------------------------------------------------------
    January 31, 2007   February 15, 2007    0.13        -          -    0.13
    -------------------------------------------------------------------------
    February 28, 2007  March 15, 2007       0.13        -          -    0.13
    -------------------------------------------------------------------------
    March 31, 2007     April 13, 2007       0.13        -          -    0.13
    -------------------------------------------------------------------------
    April 30, 2007     May 15, 2007         0.13        -          -    0.13
    -------------------------------------------------------------------------
    May 31, 2007       June 15, 2007        0.13        -          -    0.13
    -------------------------------------------------------------------------
    June 30, 2007      July 13, 2007        0.13        -          -    0.13
    -------------------------------------------------------------------------
    July 31, 2007      August 15, 2007      0.13        -          -    0.13
    -------------------------------------------------------------------------
    August 31, 2007    September 14, 2007   0.13        -          -    0.13
    -------------------------------------------------------------------------
    September 30, 2007 October 15, 2007     0.13        -          -    0.13
    -------------------------------------------------------------------------
    October 31, 2007   November 15, 2007    0.13        -          -    0.13
    -------------------------------------------------------------------------
    November 30, 2007  December 14, 2007    0.13        -          -    0.13
    -------------------------------------------------------------------------
    December 31, 2007  January 15, 2008     0.13        -          -    0.13
    -------------------------------------------------------------------------
    2007 Total                             $1.56        -          -   $1.56
    -------------------------------------------------------------------------
    

    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.

    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 the 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 the Fund 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 Fourth Quarter and Year-End Results And
    Conference Call
    ----------------------------------------------------------------
    Superior expects to release its 2007 fourth quarter and year-end results
on Thursday, February 28, 2008, in the late afternoon. A conference call and
web-cast for investors, analysts, brokers, and media representatives to
discuss the 2007 results is scheduled for 5:00pm EST (3:00pm MST) on
February 28, 2008. Callers may participate by dialing 1-800-733-7560. A
recording of the call will be available for replay until midnight April 2,
2008 by dialing 1-877-289-8525 and entering pass code 21259076 followed by the
Number 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 Meeting of Unitholders
    -----------------------------
    The Fund's Annual Meeting of Unitholders will be held in the
Strand/Tivoli Room of The Metropolitan Centre, 333 - 4th Avenue SW, Calgary,
Alberta on Tuesday, May 6, 2008 at 2:00pm (MST).

    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 and a regional
Midwest supplier of chloralkali and potassium products; 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, 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                     87.9 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); 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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