TRADING SYMBOL: Toronto Stock Exchange - CWA.UN
VANCOUVER, April 18 /CNW/ - Coast Wholesale Appliances Income Fund (the "Fund") today announced a cash distribution of $0.10 per unit for the period from April 1, 2007 to April 30, 2007, to be paid May 15, 2007 to unitholders of record on April 30, 2007. This distribution is consistent with the amount of distributions contemplated by the Fund in its initial public offering prospectus of June 15, 2005. The Fund's policy is for unitholders of record on the last business day of each month to receive distributions on or about the 15th day of the following month. This is the Fund's twenty-second consecutive monthly cash distribution.
Coast Wholesale Appliances Income Fund is an unincorporated, open-ended limited purpose trust launched on June 23, 2005 with the completion of an initial public offering of 6,525,000 trust units. The Fund was created to acquire and hold a 65% indirect interest in Coast Wholesale Appliances LP (Coast), a leading independent supplier of major household appliances to developers and builders of multi-family and single-family housing, and to retail customers in Western Canada. Founded in 1978, Coast operates 15 branch locations and four warehouse distribution centres across the four western provinces.