Coast Wholesale Appliances Income Fund declares March cash distribution - Twenty-first since fund's inception

    TRADING SYMBOL: Toronto Stock Exchange - CWA.UN

    VANCOUVER, March 21 /CNW/ - Coast Wholesale Appliances Income Fund (the
"Fund") today announced a cash distribution of $0.10 per unit for the period
from March 1, 2007 to March 31, 2007, to be paid April 16, 2007 to unitholders
of record on March 30, 2007. This distribution is consistent with the amount
of distributions contemplated by the Fund in its initial public offering
prospectus of June 15, 2005. 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 twenty-first 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 16, 2007. This cash distribution is equivalent
to the distributions to public unitholders for the period from January 1, 2007
to March 31, 2007. 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 $0.10 per unit for each month in the respective
quarter. This is the seventh 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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