Canadian Equipment Rental Fund Limited Partnership Announces Increase of Distribution to $0.15 per Unit



    TSX Venture Symbol: CFL.UN

    CALGARY, June 19 /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 for the second quarter
of 2007 cash distribution to the Partnership unitholders to $0.15 per unit (up
15% from the previous $0.13 per unit distribution announced March 15, 2007 and
up 173% from the $0.055 per unit distribution from the same period last year).
If continued, this will represent $0.60 per unit on an annualized basis.
Payment will be made on or about July 12, 2007, to unitholders of record as of
the close of business on June 28, 2007.
    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 5,395,128 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, cash flows or the ability to pay distributions to be materially
different from the results, performances, cash flow or the ability to pay
distributions expressed or implied by such forward looking statements.

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

    %SEDAR: 00022335E




For further information:

For further information: Wayne Wadley, President & CEO at (403)
850-4095, by fax at (403) 261-3834, by email at wwadley@cerflp.com or Ken
Stephens, CFO at (403) 298-8695, by email at kstephens@cerflp.com

Organization Profile

CANADIAN EQUIPMENT RENTAL FUND LIMITED PARTNERSHIP

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