Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

October 19, 2007 16:41 ET

Coast Wholesale Appliances Income Fund Announces Distribution Increase With 28th Consecutive Monthly Distribution

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 19, 2007) - Coast Wholesale Appliances Income Fund (the "Fund") (TSX:CWA.UN) today announced that it is increasing monthly cash distributions from $0.10 cents per unit to $0.1025 per unit, beginning with the Fund's October 2007 distribution. On an annualized basis, this represents a distribution rate of $1.23 per unit.

"The increase in the Fund's monthly distribution reflects the sustained strong performance of Coast's business," said Ken Crump, chairman of the board of trustees of Coast Wholesale Appliances LP.

The October distribution covers the period from October 1, 2007 to October 31, 2007 and will be paid November 15, 2007 to unitholders of record on October 31, 2007. The Fund's policy is for unitholders of record on the last business day of each month to receive distributions on or about the 15th day of the following month. This is the Fund's twenty-eighth consecutive cash distribution.

Coast Wholesale Appliances Income Fund is an unincorporated, open-ended limited purpose trust launched on June 23, 2005 with the completion of an initial public offering of 6,525,000 trust units. The Fund was created to acquire and hold a 65% indirect interest in Coast Wholesale Appliances LP (Coast), a leading independent supplier of major household appliances to developers and builders of multi-family and single-family housing, and to retail customers in Western Canada. Founded in 1978, Coast operates 15 wholesale/retail stores and four warehouse distribution centres across the four western provinces.

Contact Information