The Consumers’ Waterheater Income Fund to Hold 2008 Second Quarter Conference Call

TORONTO, ONTARIO–(Marketwire – July 14, 2008) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN) today announced it will hold a conference call and webcast on Monday, July 28, 2008 at 10 a.m. (ET) to discuss the Fund's financial results for the second quarter of 2008. Results will be issued by press release on July 25, 2008 after markets close. The event will be hosted by John Macdonald, President and Chief Executive Officer and Steve Bower, Chief Financial Officer. The numbers to call to listen to the teleconference are 416-644-3414 or 1-800-733-7560. 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.consumerswaterheaters.com. Participants will require Windows Media Player(TM), which can be downloaded prior to accessing the call. The web cast will subsequently be archived on the site. A taped rebroadcast will be available to listeners until August 4, 2008 at midnight. To access the rebroadcast, please dial 416-640-1917 or 1-877-289-8525 and enter the pass code 21276470#. About The Consumers' Waterheater Income F und The Fund owns a portfolio of over 1.4 million installed water heaters and other assets, leased primarily to residential customers in Ontario. 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.

For further information: The Consumers’ Waterheater Income Fund
Steve Bower
CFO
(905) 943-6292
Email: [email protected]