Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

December 17, 2008 17:15 ET

Coast Wholesale Appliances Income Fund Declares December Cash Distribution-Forty-Second Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 17, 2008) - Coast Wholesale Appliances Income Fund (the "Fund") (TSX:CWA.UN) today announced a cash distribution of $0.0833 per unit for the period from December 1, 2008 to December 31, 2008. This distribution is to be paid January 15, 2009 to unitholders of record on December 31, 2008. This is the Fund's forty-second consecutive monthly cash distribution to public unitholders. In addition, the 35% non-controlling interest will be paid a cash distribution of $0.0833 per unit for the period from December 1, 2008 to December 31, 2008 by Coast Wholesale Appliances LP on January 15, 2009.

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.

Contact Information