TSX: SPF.UN CALGARY, June 9 /CNW/ - Superior Plus Income Fund (the "Fund") today announced its cash distribution for the month of June 2005 of $0.20 (20 cents) per trust unit payable on July 15, 2005. The record date is June 30, 2005 and the ex-distribution date will be June 28, 2005. The Fund's current annualized cash distribution rate is $2.40 per trust unit. For income tax purposes, the income from the June 2005 cash distribution of $0.20 per trust unit is considered to be: - a return of capital of $0.0160 per trust unit - a dividend of $0.0585 per trust unit - other income of $0.1255 per trust unit 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. The Fund holds 100% of Superior Plus Inc., which has four 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 and water treatment industries; 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 trade on the Toronto Stock Exchange (the "TSX") under the trading symbol SPF.UN. There are 77.7 million trust units outstanding. The Fund has $11.1 million principal amount of Series 1, and $71.1 million of Series 2, 8% Convertible Unsecured Subordinated Debentures outstanding, that trade on the TSX under the trading symbols SPF.DB and SPF.DB.A, respectively.
Superior Plus Income Fund - June 2005 Cash Distribution - $0.20 per Trust Unit
On 6ix: 6ix.com/news/superior-plus-income-fund-june-2005-cash-distribution-dollar0.20-per-trust-unit
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Story so far
Earlier from Superior Plus
- ERCO Worldwide closes acquisition of chloralkali business in Port Edwards, Wisconsin
- Superior Plus Income Fund 2005 Q1 Release
- Superior Plus Income Fund - First Quarter Results Webcast - May 12, 2005
- Superior Plus - Notification of AGM, Q1 Results and Conference Call
- ERCO Worldwide acquires chloralkali business in Port Edwards, Wisconsin
Later from Superior Plus
- Superior Plus Income Fund announces closing of $175 million offering of convertible debentures
- Superior Plus Income Fund - July 2005 Cash Distribution - $0.20 per Trust Unit
- Superior Plus Income Fund - Upcoming Release of 2005 Second Quarter Results and Conference Call
- Superior Plus Income Fund - Second Quarter Results Webcast - August 11, 2005
- Superior Plus Income Fund 2005 Second Quarter Release and August 2005 Cash Distribution Notice
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