The Consumers' Waterheater Income Fund
TSX : CWI.UN

The Consumers' Waterheater Income Fund

April 25, 2007 20:16 ET

The Consumers' Waterheater Income Fund Extends Deadline to Deliver Completed Proxy

TORONTO, ONTARIO--(CCNMatthews - April 25, 2007) - The Consumers' Waterheater Income Fund (TSX:CWI.UN) (the "Fund") today announced that it is extending the deadline to deliver completed proxies to April 26, 2007, at 8 a.m. (Toronto time) in order to accommodate the needs of its unitholders.

Unitholders are reminded that their vote is important for the Fund's long term success. Any unitholder who has not yet voted is urged to vote FOR the proposals set forth in the management information circular. Any unitholder that has already voted FOR such matters need not take any action, as their votes will be counted. Any unitholder who has WITHHELD their vote in respect of one or more of such matters is encouraged to change its vote and vote FOR such matters. Those unitholders who wish to change their vote may deposit completed proxies for the Annual and Special Meeting until 8 a.m. (Toronto time) on April 26, 2007.

About The Consumers' Waterheater Income Fund

The Consumers' Waterheater Income 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.

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