Coast Wholesale Appliances Income Fund
TSX : CWA.UN

Coast Wholesale Appliances Income Fund

May 15, 2008 18:40 ET

Coast Wholesale Appliances Income Fund Declares May Cash Distribution-Thirty-Fifth Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 15, 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 May 1, 2008 to May 31, 2008. This distribution is to be paid June 16, 2008 to unitholders of record on May 30, 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-fifth 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 May 1, 2008 to May 31, 2008 by Coast Wholesale Appliances LP on June 16, 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 branch locations and four warehouse distribution centres across the four western provinces.

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