Press release from Marketwire
Superior Plus Announces April 2013 Cash Dividend and Upcoming Events
Thursday, April 04, 2013
Superior Plus Announces April 2013 Cash Dividend and Upcoming Events10:52 EDT Thursday, April 04, 2013
CALGARY, ALBERTA--(Marketwired - April 4, 2013) -
April 2013 Cash Dividend - $0.05 per share
Superior Plus Corp. ("Superior") (TSX:SPB) today announced its cash dividend for the month of April 2013 of $0.05 per share payable on May 15, 2013. The record date is April 30, 2013 and the ex-dividend date will be April 26, 2013. Superior's annualized cash dividend rate is currently $0.60 per share. This dividend is an eligible dividend for Canadian income tax purposes.
Dividend Reinvestment and Optional Share Purchase Program (The "DRIP")
As previously disclosed on March 7, 2013, Superior will stop the active operation of its DRIP program effective after payment of the March dividend. The DRIP will be available for the March dividend payable on April 15, 2013, but will no longer be available for future monthly cash dividends until further notice. Superior's DRIP program will remain in place should Superior want to reactivate the DRIP, subject to regulatory approval, at a future date.
Annual Meeting of Shareholders
Superior's Annual Meeting of Shareholders will be held in the Grand Lecture Theatre of the Metropolitan Centre, 333 - 4 Avenue SW, Calgary, Alberta on Wednesday, May 1, 2013 at 2:00 p.m. MDT. A live audio webcast of the meeting, including a corporate presentation will be accessible from Superior's website at www.superiorplus.com under the webcasts section.
Upcoming Release of 2013 First Quarter Results and Conference Call
The Corporation expects to release its 2013 first quarter results on Thursday, May 2, 2013. A conference call and webcast for investors, analysts, brokers and media representatives to discuss the 2013 first quarter results is scheduled for 8:30 a.m. MDT on Thursday, May 2, 2013. To participate in the call, dial: 1-877-240-9772. A recording of the call will be available for replay until midnight, June 30, 2013. To access the recording, dial: 1-800-408-3053 and enter pass code: 5664915. Internet users can listen to the call live, or as an archived call, on Superior's website at www.superiorplus.com under the webcasts section.
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
Certain information included in this Press Release is forward-looking, within the meaning of applicable Canadian securities laws. Much of this information can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues" or similar words. 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 2012 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Superior Plus Corp.
Executive Vice-President and Chief Financial Officer
(403) 218-2951 or Toll Free: 1-866-490-PLUS (7587)
(403) 218-2973 (FAX)
Superior Plus Corp.
Vice-President, Investor Relations and Treasurer
(403) 218-2957 or Toll Free: 1-866-490-PLUS (7587)
(403) 218-2973 (FAX)