TMX group

CALGARY, June 16 /CNW/ - The board of directors of the general partner
for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is
pleased to announce that they have approved an increase of the cash
distribution to the Partnership unitholders to $0.055 per unit (up 22.2% from
the previous $0.045 per unit distribution). Payment will be made on or about
July 14, 2006, to unitholders of record as of the close of business on        
June 30, 2006.
Investors are cautioned that future distributions are always subject to
approval from the board of directors of the general partner and may be
increased, decreased or suspended by the board at any time.

CERFLP is a Canadian limited partnership engaged in the rental, sale and
service of industrial and construction equipment. CERFLP trades on the TSX
Venture Exchange under the symbol "CFL.UN" and currently has 3,253,883 units
issued and outstanding.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements subject to various
risk factors and uncertainties, which may cause the actual results,
performances or achievements of Canadian Equipment Rental Fund Limited
Partnership to be materially different from any future results, performances
or achievements expressed or implied by such forward-looking statements.

The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.

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