Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

January 21, 2009 16:05 ET

Coast Wholesale Appliances Income Fund Declares January Cash Distribution-Forty-Third Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 21, 2009) - Coast Wholesale Appliances Income Fund (the "Fund") (CWA.UN) today announced a cash distribution of $0.0833 per unit for the period from January 1, 2009 to January 31, 2009. This distribution is to be paid February 16, 2009 to unitholders of record on January 30, 2009. This is the Fund's forty-third 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 January 1, 2009 to January 31, 2009 by Coast Wholesale Appliances LP on February 16, 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 currently operates 16 stores, with 15 locations across the four western provinces and one new store recently acquired in the Greater Toronto Area.

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