TRADING SYMBOL: Toronto Stock Exchange - CWA.UN
VANCOUVER, March 18 /CNW/ - Coast Wholesale Appliances Income Fund (the "Fund") today announced a cash distribution of $0.0416 per unit for the period from March 1, 2009 to March 31, 2009. This distribution is to be paid April 15, 2009 to unitholders of record on March 31, 2009. This is the Fund's forty-fifth consecutive monthly cash distribution to public unitholders. A cash distribution in the same amount will be paid to the Fund's 35% non-controlling interest by Coast Wholesale Appliances LP.
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 currently operates 16 stores, with 15 locations across the four western provinces and one new store recently acquired in the Greater Toronto Area.