Canadian Wireless Trust Declares Quarterly Distribution



    TORONTO, Dec. 5 /CNW/ - The Board of Directors of Canadian Wireless
Limited in its capacity as Trustee for Canadian Wireless Trust (the "Trust")
has declared a cash distribution of $0.059 per Trust unit, payable on January
15, 2008 to holders of record at the close of business on December 28, 2007.
For tax purposes, the distribution will be taxable in 2008.
    Unitholders are entitled to receive quarterly distributions as declared
by the Trustee of the Trust. The Trustee generally intends to declare and pay
quarterly distributions to the extent of dividends received in the quarter
from the Portfolio, less the estimated operating expenses for the period.

    Canadian Wireless Trust is an investment trust created to hold common
shares that reflect an initially equal weighted exposure to the Canadian
telecommunications companies that are expected to benefit most from growth in
wireless telecommunications - BCE Inc., Rogers Communications Inc. and TELUS
Corporation.
    Units are listed for trading on the TSX under the symbol CDW.UN.

    %SEDAR: 00024222E




For further information:

For further information: Investor Relations, Canadian Wireless Trust,
(416) 945-4800, E-mail: mc_cwt@scotiacapital.com, Web site:
www.scotiamanagedcompanies.com

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Canadian Wireless Trust

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