UE Waterheater Income Fund
TSX : UWH.UN

UE Waterheater Income Fund

October 19, 2005 10:25 ET

UE Waterheater Income Fund Announces 2005 Third Quarter Results Release Date and Conference Call Details

TORONTO, ONTARIO--(CCNMatthews - Oct. 19, 2005) -

NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES.

UE Waterheater Income Fund, (the "Fund") (TSX:UWH.UN) will issue its 2005 third quarter results media release on Tuesday, November 1, 2005. In connection with the release, the Fund will hold a conference call to discuss the results on Wednesday, November 2, 2005 at 9:00 a.m. (EST). Details to access the conference call are as follows:

For local calling: 416.883.0139

Toll-free within North America: 1.888.458.1598

Conference Call participant pass code: 13232#

Following management's presentation, there will be a question and answer session for analysts and institutional investors. To access the simultaneous live audio webcast, please visit our web site www.ueincomefund.com. Participants will require Windows Media Player™, which can be downloaded prior to accessing the call.

If you have any problems accessing the conference call, or have any questions, please contact Jennifer Garland at 416.490.4968.

About UE Waterheater Income Fund

UE Waterheater Income Fund is an unincorporated, open-ended, limited purpose trust established under the laws of Ontario, created to indirectly acquire and hold, through the UE Waterheater Operating Trust, the water heater rental business of Union Energy Limited Partnership (Union Energy LP) and its related commercial activities. Each Unit of the Fund represents an indirect ownership interest in Union Energy LP, which operates the Union Energy business.

Union Energy LP's main business is the rental and service of a portfolio of more than one million residential water heaters in Ontario, under the Union Energy, Ontario Hydro Energy, and Reliance Home Comfort brand names. Union Energy LP owns and services Canada's second largest portfolio of rental water heaters in a program that was initiated in the 1960s. In addition, Union Energy LP has related commercial activities that complement the water heater rental business, being the retail sale, rental, servicing and financing of heating, ventilation and air conditioning equipment as well as security monitoring and installation through its wholly owned subsidiary, Protectron.

For more information on the UE Waterheater Income Fund, visit the web site at www.ueincomefund.com.

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