Coast Wholesale Appliances Income Fund declares December cash distribution - Thirtieth since Fund's inception



    TRADING SYMBOL: Toronto Stock Exchange - CWA.UN

    VANCOUVER, Dec. 18 /CNW/ - Coast Wholesale Appliances Income Fund (the
"Fund") today announced a cash distribution of $0.1025 per unit for the period
from December 1, 2007 to December 31, 2007. This distribution is to be paid
January 15, 2008 to unitholders of record on December 31, 2007. 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 thirtieth consecutive cash distribution.
    A cash distribution to the 35% retained interest in Coast Wholesale
Appliances LP (Coast) held by the previous owners of the Coast business will
also be paid by Coast on January 15, 2008. This cash distribution is
equivalent to the distributions to public unitholders for the period from
October 1, 2007 to December 31, 2007. Distributions to the retained interest
are currently subordinated to those of public unitholders. The terms of the
subordination provide for quarterly payments to the retained interest only to
the extent that sufficient distributable cash is available after public
unitholders have received $0.1025 per unit for each month in the respective
quarter. This is the tenth consecutive quarterly cash distribution to the
retained interest since the Fund's inception. In keeping with the provisions
described in the Fund's IPO prospectus, the subordination is expected to be
removed following the completion of the Fund's next full financial audit,
anticipated to be conducted subsequent to its 2007 year-end.

    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.





For further information:

For further information: Jack Peck, Chief Financial Officer, Telephone:
(604) 301-3400 or invest@coastappliances.com, Website:
www.coastincomefund.com

Organization Profile

COAST WHOLESALE APPLIANCES INCOME FUND

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