The Consumers’ Waterheater Income Fund Announces Monthly Cash Distribution

TORONTO, ONTARIO–(Marketwire – May 21, 2008) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN) announced today a cash distribution of $0.10 75 per unit for the month of May 2008. The distribution will be payable on June 30, 2008 to unitholders of record at the close of business on May 30, 2008. About The Consumers' Waterheater Income Fund The Fund owns a portfolio of 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 is available on SEDAR at www.sedar.com.

For further information: The Consumers’ Waterheater Income Fund
Steve Bower
Chief Financial Officer
(905) 943-6292 or 1-877-877-0142
Email: sbower@consumerswaterheaters.com