TRADING SYMBOL:
Toronto
Stock Exchange - CWA.UN
VANCOUVER
,
Oct. 21
/CNW/ - Coast Wholesale Appliances Income Fund (the Fund) today announced a cash distribution of $0.0416 per unit for the period from
October 1, 2009
to
October 31, 2009
. This distribution is to be paid
November 16, 2009
to unitholders of record on
October 30, 2009
. This is the Fund's fifty-second 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).
The 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. It was created to acquire and hold a 65% indirect interest in Coast, a leading independent supplier of major household appliances to developers and builders of multi-family and single-family housing, and to retail customers. Founded in 1978, Coast currently operates 16 stores, with 15 locations across the four western provinces and one store in the Greater
Toronto
Area.
For further information: Jack Peck, Chief Financial Officer, Telephone: (604) 301-3400 or [email protected], Website: www.coastincomefund.com
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