TORONTO, ONTARIO–(Marketwire – Jan. 21, 2009) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN), announced today a cash distribution of $0.1075 per unit for the month of January 2009. The distribution will be payable on February 27, 2009 to unitholders of record at the close of business on January 30, 2009. About The Consumers' Waterheater Income Fund The Fund owns a portfolio o f 1.4 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. 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 business is available at www.stratacon.ca.
For further information: The Consumers’ Waterheater Income Fund
R. Stephen Bower
Chief Financial Officer
(905) 943-6292 or 1-877-877-0142