It has come to Superior Plus Income Fund's attention that a news release has been made by a third party claiming that Superior Plus has entered into an agreement to sell the JW Aluminum business.
The fund had announced in July, 2006, as part of its strategic plan designed to maximize unitholder value and achieve long-term stability and growth, that it would put JW Aluminum up for sale with proceeds to be used to reduce debt.
To date, the fund is in active negotiations and discussions and no definitive agreement has been reached between the parties and it is not certain whether or not an agreement will be concluded.
JWA is a leading manufacturer of specialty, flat-rolled aluminium products, primarily serving the heating, ventilation and air conditioning, building and construction, and flexible packaging end-use markets in the United States.
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