The Consumers’ Waterheater Income Fund 2010 Third Quarter Conference Call

TORONTO, ONTARIO–(Marketwire – Nov. 1, 2010) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN) today announced it will hold a conference call and webcast on Monday, November 8, 2010, at 10:00 a.m. (ET) to discuss the Fund's financial results for the third quarter of 2010. Results will be issued by press release prior to the call.

The event will be hosted by Messrs. John Macdonald, President and CEO, and Chris Cawston, CFO.

The dial-in numbers to listen to the teleconference are 416.644.3414 or 1.800.814.4859. Following management's presentation, there will be a question and answer session for analysts and institutional investors. To access the simultaneous live audio webcast, please visit www.cwif.ca. Participants will require Windows Media Player™, which can be downloaded prior to accessing the call. The webcast will subsequently be archived o n the site.

A taped rebroadcast will be available to listeners until November 15, 2010, at midnight. To access the rebroadcast, please dial 416.640.1917 or 1.877.289.8525 and enter the pass code 4365366#.

About The Consumers' Waterheater Income Fund

The Fund owns a portfolio of approximately 1.3 million installed water heaters and other assets, rented primarily to residential customers in Ontario. The Fund also owns Stratacon Inc. and EnerCare Connections Inc., leading sub-metering companies, with metering contracts for condominium and apartment suites in Ontario, Alberta and elsewhere in Canada.

Additional information regarding the Fund, including its current Annual Information Form, is available on SEDAR at www.sedar.com. Additional information on the sub-metering businesses is available at www.stratacon.ca and at www.enercareconnections.com.

For further information: The Consumers’ Waterheater Income Fund

Chris Cawston

CFO

1.905.695.7793 or 1.800.781.2943

ccawston@cwif.ca