Share Information

Taxation Overview

Certarus Shareholders - Section 85 Election

On May 31, 2023, Superior announced the completion of the previously disclosed acquisition by way of a plan of arrangement of Certarus Ltd.

News release announcing the proposed acquisition

News release announcing the completion of the acquisition

Certarus Ltd. Management Information Circular, with respect to an arrangement involving Certarus Ltd. and Superior Plus Corp.

Superior has agreed to make a Section 85 Election with an Electing Holder that received Superior Shares pursuant to the Arrangement. In certain cases, this election is required if the Electing Holder wishes to obtain a full or partial tax deferral in respect of the disposition of their Certarus Ltd. shares. See instruction letter linked here.

The timeline to make an election has now passed.

Canadian Taxpayers

The following is intended to provide individual shareholders of Superior Plus with additional information to assist in the preparation of their 2022 Canadian T1 Income Tax returns. The information presented is general in nature and cannot possibly address every situation experienced by all investors. This material is not intended to replace professional investment or tax advice.

Shares held within a Registered Retirement Savings Plan (RRSP), a Registered Retirement Income Fund (RRIF), or a Deferred Profit Sharing Plan (DPSP):

If the investment in the shares of Superior is held within one of these plans, income earned in respect of the shares is not subject to tax in the year. Instead, the amount of capital and any earnings in the plan are taxed only on withdrawal from the plan.

Shares held outside of an RRSP, RRIF or DPSP:

Shareholders with an investment outside of an RRSP, RRIF, or DPSP who received dividends will receive a “T5 Supplementary” tax slip, which is required to be mailed on or before February 28, 2023. Please note that if the shares are registered in the investor’s name, the T5 will be sent directly from Superior Plus to the shareholder. However, if the shares are held in the name of a broker (i.e. in “street form”), the shareholder will need to obtain a T5 tax slip from the broker.

U.S. Taxpayers

Information for U.S. Resident Taxpayers

The following information is provided for general information only and should not be construed to be legal or tax advice to any shareholder. Shareholders are encouraged to seek advice from a qualified tax advisor in their country or residence to obtain guidance with respect to the appropriate tax treatment of their distributions.

Superior Plus has made an election to be taxed as a corporation for U.S. tax purposes. As a result, any distribution made on a share by Superior Plus is treated as foreign-source dividend income under U.S. federal income tax principles, reportable on a Form 1099. This treatment of the distributions is based on the fact that we have not determined our current or accumulated earnings and profits. In the absence of such information, we believe that a United States resident should report our distributions as fully subject to United States federal income tax.

Providing the applicable holder-level requirements are met, we believe that these distributions would be treated as “qualified dividends,” eligible for taxation at reduced rates under U.S. federal income tax legislation.

U.S. Non-Resident Withholding Tax Information

Effective January 1, 2012, the Canadian Revenue Agency has asked all paying trust agents, including Computershare, which administers Superior Plus’s dividend payments, to withhold a statutory rate of 25% from all applicable payments or credits.

In order to be considered for the preferred treaty rate, U.S. shareholders must provide Computershare with a NR301 – Declaration of Eligibility for Benefits Under a Tax Treaty for a Non-Resident Taxpayer. A link to this form is provided below. Additionally, a copy of the letter, which provides additional details, is also provided below.

Computershare letter – CRA Letter to Holders

NR 301

Treatment of Distributions

Annual cash distribution / dividend summary

Dividends

Dividend Payment Details

Starting with the Q4 2024 dividend, the company will be paying a quarterly dividend of $0.045 per common share. The annualized dividend amount per common share will remain consistent at $0.18. The record date for each quarterly dividend will be the last day of the quarter and payment will be made on the fifteenth day of the following month, or the next business day if the fifteenth day falls on a weekend or holiday.

Overview

The Superior Plus operating model provides stable free cash flow to invest in growth while offering sustainable dividends to shareholders.

Historical Dividends (2009 to Current)

Following is an historical summary of dividends paid to Superior Plus shareholders from 2009 to current.

Record Date	Payment Date	Dividend
December 31, 2024	January 15, 2025	$0.045
September 27, 2024	October 15, 2024	$0.18
June 28, 2024	July 15, 2024	$0.18
March 29, 2024	April 15, 2024	$0.18
December 29, 2023	January 15, 2024	$0.18
September 29, 2023	October 16, 2023	$0.18
June 30, 2023	July 17, 2023	$0.18
March 31, 2023	April 17, 2023	$0.06
February 28, 2023	March 15, 2023	$0.06
January 31, 2023	February 15, 2023	$0.06
December 31, 2022	January 16, 2023	$0.06
November 30, 2022	December 15, 2022	$0.06
October 31, 2022	November 15, 2022	$0.06
September 30, 2022	October 17, 2022	$0.06
August 31, 2022	September 15, 2022	$0.06
July 31, 2022	August 15, 2022	$0.06
June 30, 2022	July 15, 2022	$0.06
May 31, 2022	June 15, 2022	$0.06
April 30, 2022	May 13, 2022	$0.06
March 31, 2022	April 18, 2022	$0.06
February 28, 2022	March 15, 2022	$0.06
January 31, 2022	February 15, 2022	$0.06
December 31, 2021	January 14, 2022	$0.06
November 30, 2021	December 15, 2021	$0.06
October 31, 2021	November 15, 2021	$0.06
September 30, 2021	October 15, 2021	$0.06
August 31, 2021	September 15, 2021	$0.06
July 31, 2021	August 13, 2021	$0.06
June 30, 2021	July 15, 2021	$0.06
May 31, 2021	June 15, 2021	$0.06
April 30, 2021	May 14, 2021	$0.06
March 31, 2021	April 15, 2021	$0.06
February 28, 2021	March 15, 2021	$0.06
January 31, 2021	February 12, 2021	$0.06
December 31, 2020	January 15, 2021	$0.06
November 30, 2020	December 15, 2020	$0.06
October 31, 2020	November 13, 2020	$0.06
September 30, 2020	October 15, 2020	$0.06
August 31, 2020	September 15, 2020	$0.06
July 31, 2020	August 14, 2020	$0.06
June 30, 2020	July 15, 2020	$0.06
May 31, 2020	June 15, 2020	$0.06
April 30, 2020	May 15, 2020	$0.06
March 31, 2020	April 15, 2020	$0.06
February 28, 2020	March 13, 2020	$0.06
January 31, 2020	February 14, 2020	$0.06
December 31, 2019	January 15, 2020	$0.06
November 30, 2019	December 13, 2019	$0.06
October 31, 2019	November 15, 2019	$0.06
September 30, 2019	October 15, 2019	$0.06
August 31, 2019	September 13, 2019	$0.06
July 31, 2019	August 15, 2019	$0.06
June 30, 2019	July 15, 2019	$0.06
May 31, 2019	June 14, 2019	$0.06
April 30, 2019	May 15, 2019	$0.06
March 31, 2019	April 15, 2019	$0.06
February 28, 2019	March 15, 2019	$0.06
January 31, 2019	February 15, 2019	$0.06
December 31, 2018	January 15, 2019	$0.06
November 30, 2018	December 14, 2018	$0.06
October 31, 2018	November 15, 2018	$0.06
September 30, 2018	October 15, 2018	$0.06
August 31, 2018	September 14, 2018	$0.06
July 31, 2018	August 15, 2018	$0.06
June 30, 2018	July 13, 2018	$0.06
May 31, 2018	June 15, 2018	$0.06
April 30, 2018	May 15, 2018	$0.06
March 31, 2018	April 13, 2018	$0.06
February 28, 2018	March 15, 2018	$0.06
January 31, 2018	February 15, 2018	$0.06
December 31, 2017	January 15, 2018	$0.06
November 30, 2017	December 15, 2017	$0.06
October 31, 2017	November 15, 2017	$0.06
September 30, 2017	October 13, 2017	$0.06
August 31, 2017	September 15, 2017	$0.06
July 31, 2017	August 15, 2017	$0.06
June 30, 2017	July 14, 2017	$0.06
May 31, 2017	June 15, 2017	$0.06
April 30, 2017	May 15, 2017	$0.06
March 31, 2017	April 13, 2017	$0.06
February 28, 2017	March 15, 2017	$0.06
January 31, 2017	February 15, 2017	$0.06
December 31, 2016	January 13, 2017	$0.06
November 30, 2016	December 15, 2016	$0.06
October 31, 2016	November 15, 2016	$0.06
September 30, 2016	October 14, 2016	$0.06
August 31, 2016	September 15, 2016	$0.06
July 31, 2016	August 15, 2016	$0.06
June 30, 2016	July 15, 2016	$0.06
May 31, 2016	June 15, 2016	$0.06
April 30, 2016	May 13, 2016	$0.06
March 31, 2016	April 15, 2016	$0.06
February 29, 2016	March 15, 2016	$0.06
January 31, 2016	February 12, 2016	$0.06
December 31, 2015	January 15, 2016	$0.06
November 30, 2015	December 15, 2015	$0.06
October 31, 2015	November 13, 2015	$0.06
September 30, 2015	October 15, 2015	$0.06
August 31, 2015	September 15, 2015	$0.06
July 31, 2015	August 14, 2015	$0.06
June 30, 2015	July 15, 2015	$0.06
May 31, 2015	June 15, 2015	$0.06
April 30, 2015	May 15, 2015	$0.06
March 31, 2015	April 15, 2015	$0.06
February 28, 2015	March 13, 2015	$0.06
January 31, 2015	February 13, 2015	$0.06
December 31, 2014	January 15, 2015	$0.06
November 30, 2014	December 15, 2014	$0.06
October 31, 2014	November 14, 2014	$0.05
September 30, 2014	October 15, 2014	$0.05
August 31, 2014	September 15, 2014	$0.05
July 31, 2014	August 15, 2014	$0.05
June 30, 2014	July 15, 2014	$0.05
May 31, 2014	June 13, 2014	$0.05
April 30, 2014	May 15, 2014	$0.05
March 31, 2014	April 15, 2014	$0.05
February 28, 2014	March 14, 2014	$0.05
January 31, 2014	February 14, 2014	$0.05
December 31, 2013	January 15, 2013	$0.05
November 30, 2013	December 13, 2013	$0.05
October 31, 2013	November 15, 2013	$0.05
September 30, 2013	October 15, 2013	$0.05
August 31, 2013	September 13, 2013	$0.05
July 31, 2013	August 15, 2013	$0.05
June 30, 2013	July 15, 2013	$0.05
May 31, 2103	June 14, 2013	$0.05
April 30, 2013	May 15, 2013	$0.05
March 31, 2103	April 15, 2013	$0.05
February 28, 2013	March 15, 2013	$0.05
January 31, 2013	February 15, 2013	$0.05
December 31, 2012	January 15, 2013	$0.05
November 30, 2012	December 14, 2012	$0.05
October 31, 2012	November 15, 2012	$0.05
September 30, 2012	October 15, 2012	$0.05
August 31, 2012	September 14, 2012	$0.05
July 31, 2012	August 15, 2012	$0.05
June 30, 2012	July 13, 2012	$0.05
May 31, 2012	June 15, 2012	$0.05
April 30, 2012	May 15, 2012	$0.05
March 31, 2012	April 13, 2012	$0.05
February 29, 2012	March 15, 2012	$0.05
January 31, 2012	February 15, 2012	$0.05
December 31, 2011	January 13, 2012	$0.05
November 30, 2011	December 15, 2011	$0.05
October 31, 2011	November 15, 2011	$0.10
September 30, 2011	October 14, 2011	$0.10
August 31, 2011	September 15, 2011	$0.10
July 31, 2011	August 15, 2011	$0.10
June 30, 2011	July 15, 2011	$0.10
May 31, 2011	June 15, 2011	$0.10
April 30, 2011	May 13, 2011	$0.10
March 31, 2011	April 15, 2011	$0.10
February 28, 2011	March 15, 2011	$0.135
January 31, 2011	February 15, 2011	$0.135
December 31, 2010	January 14, 2011	$0.135
November 30, 2010	December 15, 2010	$0.135
October 31, 2010	November 15, 2010	$0.135
September 30, 2010	October 15, 2010	$0.135
August 31, 2010	September 15, 2010	$0.135
July 31, 2010	August 14, 2010	$0.135
June 30, 2010	July 15, 2010	$0.135
May 31, 2010	June 15, 2010	$0.135
April 30, 2010	May 15, 2010	$0.135
March 31, 2010	April 15, 2010	$0.135
February 28, 2010	March 13, 2010	$0.135
January 31, 2010	February 13, 2010	$0.135
December 31, 2009	January 15, 2010	$0.135
November 30, 2009	December 15, 2009	$0.135
October 31, 2009	November 13, 2009	$0.135
September 30, 2009	October 15, 2009	$0.135
August 31, 2009	September 15, 2009	$0.135
July 31, 2009	August 14, 2009	$0.135
June 30, 2009	July 15, 2009	$0.135
May 31, 2009	June 15, 2009	$0.135
April 30, 2009	May 15, 2009	$0.135
March 31, 2009	April 15, 2009	$0.135
February 28, 2009	March 13, 2009	$0.135
January 31, 2009	February 13, 2009	$0.135
December 31, 2008	January 15, 2009	$0.135

Historical Dividends (1996 to 2008)

Following is the monthly cash distribution summary for Superior Plus, for income tax purposes, from inception of Superior Plus on October 8, 1996 until December 31, 2008.

Monthly cash distribution summary

Debentures

Superior Plus currently doesn’t have any outstanding convertible debentures.

Analyst Coverage

Please note that we do not provide analysts reports on Superior Plus. However, as a convenience to you, please find below a list of analysts that report information on Superior Plus. Their reports can be obtained directly from them. Please note that we are not endorsing any reports, statements or opinions of any analyst, including those listed below, and we are not responsible for the content of any report, statement or opinion issued by an analyst.

The company's investor relations team can be contacted at: investor-relations@superiorplus.com

Company / Analyst

AltaCorp Capital
Nate Heywood

BMO Nesbitt Burns
John Gibson

CIBC World Markets
Robert Catellier

Desjardins Capital Markets
Gary Ho

National Bank Financial
Patrick Kenny

Raymond James
Steve Hansen

RBC Capital Markets
Nelson Ng

Scotia Capital
Ben Isaacson

Stifel Canada
Daryl Young

TD Securities
Aaron MacNeil

Dividend Reinvestment Plan

Superior Plus has suspended the operation of its Dividend Reinvestment Plan and Optional Share Purchase Program (the “DRIP”) .