The Consumers' Waterheater Income Fund

The Consumers' Waterheater Income Fund

March 21, 2005 14:54 ET

The Consumers' Waterheater Income Fund Announces Monthly Cash Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: THE CONSUMERS' WATERHEATER INCOME FUND

TSX SYMBOL: CWI.UN

MARCH 21, 2005 - 14:54 ET

The Consumers' Waterheater Income Fund Announces
Monthly Cash Distribution

TORONTO, ONTARIO--(CCNMatthews - March 21, 2005) - The Consumers'
Waterheater Income Fund (the "Fund") (TSX:CWI.un) announced today a cash
distribution of $0.0925 C$ per unit for the month of March 2005. The
distribution will be payable on April 29, 2005 to unitholders of record
at the close of business on March 31, 2005.

About The Consumers' Waterheater Income Fund

The Consumers' Waterheater Income Fund owns a portfolio of 1.3 million
installed water heaters and other assets, leased primarily to
residential customers in Ontario. Direct Energy Essential Home Services
provides service support to the portfolio and receives 35% of aggregate
rental revenues, thereby significantly reducing the Fund's operating
risk. The asset base has been generating stable and growing cash flows
since its inception in the late 1950s.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Consumers' Waterheater Income Fund
    Stephen Entwistle
    Chief Financial Officer
    (905) 943-6229 or 1-877-877-0142
    sentwistle@consumerswaterheaters.com