The Consumers' Waterheater Income Fund
TSX : CWI.UN

The Consumers' Waterheater Income Fund

December 18, 2008 07:47 ET

The Consumers' Waterheater Income Fund Announces Monthly Cash Distribution

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2008) - The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN), announced today a cash distribution of $0.1075 per unit for the month of December 2008. The distribution will be payable on January 30, 2009 to unitholders of record at the close of business on December 31, 2008.

About The Consumers' Waterheater Income Fund

The Fund owns a portfolio of 1.4 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.

Additional information regarding the Fund, including its current Annual Information Form is available on SEDAR at www.sedar.com. Additional information on the sub-metering business is available at www.stratacon.ca.

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