Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

January 20, 2010 17:08 ET

Coast Wholesale Appliances Income Fund Declares January Cash Distribution-55th Consecutive Payment Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) - Coast Wholesale Appliances Income Fund (the Fund) (TSX:CWA.UN) today announced a cash distribution of $0.0416 per unit for the period from January 1, 2010 to January 31, 2010. This distribution is to be paid February 15, 2010 to unitholders of record on January 29, 2010. This is the Fund's fifty-fifth consecutive monthly cash distribution to public unitholders. A cash distribution in the same amount will be paid to the Fund's 35% non-controlling interest by Coast Wholesale Appliances LP (Coast).

The 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. It was created to acquire and hold a 65% indirect interest in Coast, a leading independent supplier of major household appliances to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater Toronto Area.

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