Coast Wholesale Appliances Income Fund

Coast Wholesale Appliances Income Fund

May 19, 2010 16:05 ET

Coast Wholesale Appliances Income Fund Declares May Cash Distribution-59th Consecutive Payment Since Fund's Inception

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 19, 2010) - Coast Wholesale Appliances Income Fund (TSX:CWA.UN) (the Fund) today announced a cash distribution of $0.0416 per unit for the period from May 1, 2010 to May 31, 2010. This distribution is to be paid June 15, 2010 to unitholders of record on May 31, 2010. This is the Fund's fifty-ninth 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 and accessories 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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