Superior Plus Announces June 2022 Cash Dividend

TORONTO–(BUSINESS WIRE)–Superior Plus Corp. (“Superior”) (TSX: SPB):

June 2022 cash dividend – $0.06 per share

Superior Plus Corp. (“Superior”) today announced its June 2022 cash dividend of $0.06 per share payable July 15, 2022. The record date is June 30, 2022 and the ex-dividend date will be June 29. , 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Company

Superior is a leading North American marketer and marketer of propane and distillates and related products and services, serving approximately 890,000 customers in the United States and Canada.

For more information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, tel. : (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, Email: [email protected], Toll Free: 1-866-490-PLUS ( 7587).

Forward-looking information

This press release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this press release, such forward-looking information and statements may be identified by terms such as “will”, “expect”, “annualized” and similar expressions.

In particular, this press release contains forward-looking statements and information relating to future dividends, which may be declared on Superior common stock, the payment of the dividend, the tax treatment thereof and the receipt of cash dividends. . These forward-looking statements are made by Superior based on certain assumptions Superior has made with respect to them as of the date of this press release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future operating results will be consistent with past performance and management’s expectations in this regard; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that all required commercial agreements can be concluded; that all required regulatory and environmental approvals can be obtained quickly under the necessary conditions. These forward-looking statements are not guarantees of future performance and are subject to several known and unknown risks and uncertainties, including, but not limited to: environmental and regulatory decisions; failure to perform agreements in accordance with their terms; the impact of competitive entities and pricing; dependence on major industry partners and agreements; actions of governmental or regulatory authorities, including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labor and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents, including, without limitation, those detailed under “Risk Factors” in Superior’s MD&A and Annual Information Form for the fiscal year ended December 31, 2021, which may be located at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those anticipated, anticipated or projected. These forward-looking statements are expressly qualified by the statements above. Superior undertakes no obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable law.

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