The Consumers’ Waterheater Income Fund: The Consumers’ Waterheater Income Fund Announces Monthly Cash Distribution
The Consumers’ Waterheater Income Fund Announces Monthly Cash Distribution TORONTO, ONTARIO — (MARKET WIRE) — November 21, 2006 — The Consumers’ Waterheater Income Fund (the “Fund”) (TSX: CWI.UN) announced today a cash distribution of $0.10250 per unit for the month of November
2006. The distribution will be payable on December 29, 2006 to unitholders of record at the close of business on November 30, 2006.
About The Consumers’ Waterheater Income Fund
The Consumers’ Waterheater Income Fund owns a portfolio of 1.3 million installed water heaters and other assets, leased primarily to residential customers in Ontario. Direct Energy Essential Home Services provides service support to the portfolio and receives 35% of aggregate rental revenues; thereby significantly reducing the Fund’s operating risk. The asset base has been generating stable and growing cash flows since its inception in the late 1950s.
Popularity: 1% [?]
