Canadian Equipment Rental Fund Limited Partnership Announces Second Quarter 2009 Distribution of $0.12 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" or
"CERF LP") is pleased to announce that they have approved a cash distribution
to the Partnership unitholders of $0.12 per unit. This distribution will bring
the total distributions in 2009 to $0.24 per unit. If continued, this will
represent $0.48 per unit on an annualized basis. Payment will be made on or
about July 13, 2009, to unitholders of record as of the close of business on
June 30, 2009.
    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.
    Partners are reminded that taxes based on the income of the Partnership
are the responsibility of the individual partners. Each unitholder is
responsible for reporting their share of the Partnership's taxable income on
their individual tax returns. Taxable income is unrelated to the amount of
distributions paid in the year and differs from book income.
    Each partner who was a unitholder of record at any of the 2009
distribution dates will receive, by mail in March of 2010, a form T5013 from
the Partnership's Transfer Agent or the unitholder's brokerage firm. The T5013
indicates the amount of taxable income the unitholder is responsible to
report.
    CERF LP 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 5,830,896 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 flows or the ability to pay
distributions expressed or implied by such forward looking statements.

    
    Neither TSX Venture Exchange nor its Regulation Services Provider (as
    that term is defined in the policies of the TSX Venture Exchange) accepts
    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 email at wwadley@cerflp.com or Ken Stephens CFO at (403)
298-8695, by fax at (403) 269-3540, by email at kstephens@cerflp.com

Organization Profile

CANADIAN EQUIPMENT RENTAL FUND LIMITED PARTNERSHIP

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