Superior Plus Income Fund - July 2008 Cash Distribution and Upcoming Events


    CALGARY, July 10 /CNW/ -

    July 2008 Cash Distribution - $0.135 per Trust Unit
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of July 2008 of $0.135 per trust unit payable on
August 15, 2008. The record date is July 31, 2008 and the ex-distribution date
will be July 29, 2008. The Fund's annualized cash distribution rate is
$1.62 per trust unit.
    For tax purposes, the distributions are expected to substantially be
taxable as "other income" to Unitholders. A summary of cash distributions
since inception and tax information is posted under the Investor Information
section of the Fund's website at:

    2008 Second Quarter Results and Conference Call
    The Fund expects to release its 2008 second quarter results on Wednesday,
August 6, 2008. A conference call and webcast for investors, analysts, brokers
and media representatives to discuss the 2008 second quarter results is
scheduled for 9:30 am EST (7:30 am MST) on Thursday, August 7, 2008. To
participate in the call, dial: 1-800-731-5319. An archived recording of the
call will be available for replay until midnight, September 7, 2008. To access
the recording, dial: 1-877-289-8525 and enter the pass code 21277807 followed
by the No. key. Internet users can listen to the call live, or as an archived
call, on Superior's website at: under the Events and
Presentations section.

    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 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 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                                 88.4 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: or contact: A. Scott Daniel, Vice-President,
Treasurer and Investor Relations, Tel: (403) 218-2953, Fax: (403) 218-2973,
E-mail:, Toll Free: 1-866-490-PLUS (7587)

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