Coast Wholesale Appliances Income Fund declares March cash distribution - Thirty-third since Fund's inception

    TRADING SYMBOL: Toronto Stock Exchange - CWA.UN

    VANCOUVER, March 19 /CNW/ - Coast Wholesale Appliances Income Fund (the
"Fund") today announced a cash distribution of $0.1025 per unit for the period
from March 1, 2008 to March 31, 2008. This distribution is to be paid
April 15, 2008 to unitholders of record on March 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-third 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 April 15, 2008. This cash distribution is equivalent
to the distributions to public unitholders for the period from January 1, 2008
to March 31, 2008. Distributions to the retained interest are subordinated to
those of public unitholders until at least June 2007. 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 eleventh consecutive quarterly cash distribution to the
retained interest since the Fund's inception.

    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

For further information:

For further information: Jack Peck, Chief Financial Officer, Telephone:
(604) 301-3400 or, Website:

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