Superior Plus Income Fund - June 2007 Cash Distribution



    TSX: SPF.UN

    CALGARY, June 7 /CNW/ -

    June 2007 Cash Distribution - $0.13 per Trust Unit
    --------------------------------------------------
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of June 2007 of $0.13 per trust unit payable on
July 13, 2007. The record date is June 30, 2007 and the ex-distribution date
will be June 27, 2007. The Fund's current annualized cash distribution rate is
$1.56 per trust unit.
    For income tax purposes, the income from the June, 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.

    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                   86.1 million
    SPF.db       8% Debentures, Series 1       $8.2 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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