Coast Wholesale Appliances Income Fund declares July cash distribution - Thirty-seventh since Fund's inception

    TRADING SYMBOL: Toronto Stock Exchange - CWA.UN

    VANCOUVER, July 22 /CNW/ - Coast Wholesale Appliances Income Fund (the
"Fund") today announced a cash distribution of $0.1025 per unit for the period
from July 1, 2008 to July 31, 2008. This distribution is to be paid August 15,
2008 to unitholders of record on July 31, 2008. 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 thirty-seventh consecutive monthly cash distribution to public
unitholders. In addition, the 35% non-controlling interest will be paid a cash
distribution of $0.1025 per unit for the period from July 1, 2008 to July 31,
2008 by Coast Wholesale Appliances LP on August 15, 2008.

    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 stores
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, Website:

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