Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

August 20, 2008 16:51 ET

Coast Wholesale Appliances Income Fund Declares August Cash Distribution-Thirty-Eighth Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 20, 2008) - Coast Wholesale Appliances Income Fund (the "Fund") (TSX:CWA.UN) today announced a cash distribution of $0.1025 per unit for the period from August 1, 2008 to August 31, 2008. This distribution is to be paid September 15, 2008 to unitholders of record on August 29, 2008. 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 thirty-eight consecutive monthly cash distribution to public unitholders. In addition, the 35% non-controlling interest will be paid a cash distribution of $0.1025 per unit for the period from August 1, 2008 to August 31, 2008 by Coast Wholesale Appliances LP on September 15, 2008.

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 stores and four warehouse distribution centres across the four western provinces.

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