Superior Plus Announces May 2022 Cash Dividend and Upcoming Events

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

May 2022 Cash Dividend – $0.06 per share

Superior Plus Corp. (“Superior”) today announced its cash dividend for the month of May 2022 of $0.06 per share payable on June 15, 2022. The record date is May 31, 2022, and the ex-dividend date will be May 30, 2022. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

Upcoming Release of 2022 First Quarter Results and Conference Call

Superior expects to release its 2022 first quarter results on Tuesday, May 10, 2022, at 4:00 PM EDT. A conference call and webcast to discuss the 2022 first quarter results is scheduled for 10:30 AM EDT on Wednesday, May 11, 2022. To participate in the call, dial: 1-844-389-8661. Internet users can listen to the call live or as an archived call on Superior’s website at: www.superiorplus.com under the Events section.

Superior Plus Virtual-Only 2022 Annual Meeting of Shareholders

Superior will hold its Annual Meeting of Shareholders (“AGM”) on Tuesday, May 10, 2022, at 4:00 PM EDT. The AGM will be held as a virtual-only meeting, conducted via a live video webcast at https://meetnow.global/MHFJQMZ. Participants are recommended to register for the virtual webcast at least 10 minutes before the AGM starts. For further information on Superior’s virtual AGM, please visit superiorplus.com.

About the Corporation

Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.

For further 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, E-mail: investor-relations@superiorplus.com, Toll-Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news 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 news release, such forward-looking information and statements can be identified by terminology such as “will”, “expects”, “annualized”, and similar expressions.

In particular, this news release contains forward-looking statements and information relating to future dividends, which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms promptly. 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: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by 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; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading “Risk Factors” in Superior’s management’s discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.

Contacts

Beth Summers

Executive Vice President and Chief Financial Officer

Tel: (416) 340-6015

Rob Dorran

Vice President, Capital Markets

Tel: (416) 340-6003

E-mail: investor-relations@superiorplus.com
Toll-Free: 1-866-490-PLUS (7587)