Superior Plus Income Fund - June 2008 Cash Distribution


    CALGARY, June 12 /CNW/ -

    June 2008 Cash Distribution - $0.135 per Trust Unit

    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of June 2008 of $0.135 per trust unit payable on
July 15, 2008. The record date is June 30, 2008 and the ex-distribution date
will be June 26, 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:

    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, 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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