Superior Plus Income Fund - October 2007 Cash Distribution


    CALGARY, Oct. 11 /CNW/ -

    October 2007 Cash Distribution - $0.13 per Trust Unit
    Superior Plus Income Fund (the "Fund") today announced its cash
distribution for the month of October 2007 of $0.13 per trust unit payable on
November 15, 2007. The record date is October 31, 2007 and the ex-distribution
date will be October 29, 2007. The Fund's current annualized cash distribution
rate is $1.56 per trust unit.
    For income tax purposes, the income from the October, 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

    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.

    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

    Symbol     Security                      Issued and Outstanding
    SPF.un     Trust Units                   86.9 million
    SPF.db.a   8% Debentures, Series 2       $58.9 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: 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); or with respect to
DRIP inquiries, Leanne Likness, Corporate Secretary, Tel: (403) 218-2954, Fax:
(403) 218-2973, E-mail:

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