The Consumers' Waterheater Income Fund
TSX : CWI.UN

The Consumers' Waterheater Income Fund

July 20, 2005 13:41 ET

The Consumers' Waterheater Income Fund Announces Monthly Cash Distribution

TORONTO, ONTARIO--(CCNMatthews - July 20, 2005) - The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN) announced today a cash distribution of C$ 0.0925 per unit for the month of July 2005. The distribution will be payable on August 31, 2005 to unitholders of record at the close of business on July 29, 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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