Coast Wholesale Appliances Income Fund declares September cash distribution22 September 2005
Coast Wholesale Appliances Income Fund (the "Fund") announced today a cash distribution of $0.10 per unit for the period from September 1, 2005 to September 30, 2005, to be paid October 17, 2005 to holders of record of units of the Fund on September 30, 2005. 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 following the end of such month. This is the Fund's third cash distribution and its second for a regular calendar monthly period.
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 12 branch locations and four warehouse distribution centres across the four Western provinces.
For further information: please contact: Jack Peck, Chief Financial Officer, Telephone: (604) 321-6644 or jpeck@coastappliances.com
Source: NewsWire
All trademarks and copyrighted information contained herein are the property of their respective owners.
Related Articles
|