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Superior Plus Announces September 2014 Cash Dividend and Provides Update on the Timing of the Strategic Review of its Construction Products Distribution Business

September 4, 2014



ENP Newswire - 04 September 2014

Release date- 03092014 - CALGARY, ALBERTA - Superior Plus Corp. (TSX: SPB) today announced its cash dividend for the month of September 2014 of $0.05 per share payable on October 15, 2014.

The record date is September 30, 2014 and the ex-dividend date will be September 26, 2014. Superior's annualized cash dividend rate is currently $0.60 per share. This dividend is an eligible dividend for Canadian income tax purposes.

As an update to the review of strategic alternatives for its Construction Products Distribution business ('CPD'), Superior now anticipates a conclusion to the process in the fourth quarter of 2014. As reported in Superior's 2014 Second Quarter Earnings Release on August 6, 2014, Superior was previously anticipating that the strategic review process would be concluded by September 30, 2014.

About the Corporation

Superior consists of three primary operating businesses: Energy Services includes the distribution of propane and distillates, providing fixed-price energy services, and supply portfolio management; Specialty Chemicals includes the manufacture and sale of specialty chemicals and Construction Products Distribution includes the distribution of specialty construction products.

Forward Looking Information

This press release may contain forward-looking statements. All forward-looking statements are based on our beliefs as well as assumptions based on information available at the time the assumption was made and on management's experience and perception of historical trends, current conditions and expected future developments, as well as other factors deemed appropriate in the circumstances. No assurance can be given that these assumptions and expectations will prove to be correct.

Forward-looking statements are not facts, but only predications and can generally be identified by the use of statements that include phrases such as 'anticipate', 'believe', 'continue', 'could', 'estimate', 'foresee', 'expect', 'plan', 'intend', 'forecast', 'future', 'guidance', 'may', 'predict', 'project', 'should', 'strategy', 'target', 'will' or similar expressions suggesting future outcomes.

Forward-looking information in this Press Release includes but is not limited to, assumptions concerning the future payment of dividends. Superior believes the expectations reflected in such forward-looking information are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon.

Forward-looking information is not a guarantee of future performance and involves a number of risks and uncertainties some of which are described herein. Such forward-looking information necessarily involves known and unknown risks and uncertainties, which may cause Superior's actual results to differ materially from any projections of future results expressed or implied by such forward-looking information.

These risks and uncertainties include but are not limited to the inability of Superior to meet the liquidity tests set forth in the Canada Business Corporations Act with respect to the payment of dividends and future changes to applicable tax laws and the other risks identified in the Corporation's 2013 Annual Information Form under the heading 'Risk Factors', which is available on the SEDAR website (www.sedar.com).

Any forward-looking information is made as of the date hereof and, except as required by law, Superior does not undertake any obligation to publicly update or revise such information to reflect new information, subsequent or otherwise.

Contact:

Superior Plus Corp.

Wayne Bingham

Executive Vice-President

Tel: (403) 218-2951

Toll Free: 1-866-490-PLUS (7587)

Fax: (403) 218-2973

Email: wbingham@superiorplus.com

Jay Bachman

Vice-President

Investor Relations

Tel: (403) 218-2957

Toll Free: 1-866-490-PLUS (7587)

Fax: (403) 218-2973

Email: jbachman@superiorplus.com

www.superiorplus.com


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Source: ENP Newswire


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