VANCOUVER, BRITISH COLUMBIA, Aug 18, 2010 (MARKETWIRE via COMTEX) –
Coast Wholesale Appliances Income Fund
/quotes/comstock/11t!e:cwa.un
(CA:CWA.UN
4.28,
0.00,
0.00%)
(the Fund)
today announced a cash distribution of $0.0416 per unit for the
period from August 1, 2010 to August 31, 2010. This distribution is
to be paid September 15, 2010 to unitholders of record on August 31,
2010. This is the Fund’s sixty-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 and accessories 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.
Contacts:
Coast Wholesale Appliances Income Fund
Jack Peck
Chief Financial Officer
(604) 301-3400
invest@coastappliances.com
www.coastincomefund.com
SOURCE: Coast Wholesale Appliances Income Fund
mailto:invest@coastappliances.com
http://www.coastincomefund.com
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