Superior Plus Income Fund - March 2007 Cash Distribution - $0.13 per Trust Unit; and Summary of Cash Distributions for 2006 Income tax Purposes



    TSX: SPF.UN

    CALGARY, March 6 /CNW/ - Superior Plus Income Fund (the "Fund") today
announced its cash distribution for the month of March 2007 of $0.13
(13.0 cents) per trust unit payable on April 13, 2007. The record date is
March 31, 2007 and the ex-distribution date will be March 28, 2007. The Fund's
current annualized cash distribution rate is $1.56 per trust unit.
    The final income tax components for distributions declared for the year
2006 are as follows:

    
                                                    Return             Total
    Record                                 Other      of              Distri-
    Date                Payment Date       Income   Capital Dividend  bution
    -------------------------------------------------------------------------
    January 31, 2006    February 15, 2006  $0.1602        -  $0.0448  $0.205
    February 28, 2006   March 15, 2006     $0.1446        -  $0.0604  $0.205
    March 31, 2006      April 13, 2006     $0.1379  $0.0238  $0.0233  $0.185
    April 30, 2006      May 15, 2006       $0.1545        -  $0.0305  $0.185
    May 31, 2006        June 15, 2006        $0.13        -        -   $0.13
    June 30, 2006       July 14, 2006        $0.13        -        -   $0.13
    July 31, 2006       August 15, 2006      $0.13        -        -   $0.13
    August 31, 2006     September 15, 2006   $0.13        -        -   $0.13
    September 30, 2006  October 13, 2006     $0.13        -        -   $0.13
    October 31, 2006    November 15, 2006    $0.13        -        -   $0.13
    November 30, 2006   December 15, 2006    $0.13        -        -   $0.13
    December 31, 2006   January 15, 2007     $0.13        -        -   $0.13
    -------------------------------------------------------------------------
    2006 Total                             $1.6372  $0.0238  $0.1590   $1.82
    -------------------------------------------------------------------------
    

    A summary of cash distributions since inception and further 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 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 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                        85.5 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         $174.9 million principal amount
    SPF.db.c         5.85% Debentures         $ 75.0 million principal amount
    -------------------------------------------------------------------------
    





For further information:

For further information: about Superior Plus, please visit our website
at: www.superiorplus.com or contact: Theresia R. Reisch, Vice-President,
Investor Relations & Corporate Secretary, Tel: (403) 218-2953 / Fax: (403)
218-2973, E-mail: treisch@superiorplus.com, Toll Free: 1-866-490-PLUS (7587);
Leanne Likness, Assistant Corporate Secretary, Tel: (403) 218-2954 / Fax:
(403) 218-2973, E-mail: llikness@superiorplus.com

Organization Profile

SUPERIOR PLUS CORP.

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