The Consumers’ Waterheater Income Fund Announces Monthly Cash Distribution

TORONTO, ONTARIO–(Marketwire – Oct. 20, 2010) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN), today announced a cash distribution of $0.054 per unit for the month of October 2010. The distribution will be payable on November 30, 2010 to unitholders of record at the close of business on October 29, 2010.

About The Consumers' Waterheater Income Fund

The Fund owns a portfolio of approximately 1.3 million installed wat er 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

905.695.7793 or 1.800.781.2943

ccawston@cwif.ca