The Consumers’ Waterheater Income Fund Announces Its Annual Meeting of Unitholders and 2009 First Quarter Financial Results Conference Call

TORONTO, ONTARIO–(Marketwire – April 17, 2009) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN) today announced that it will hold its Annual Meeting on Friday, May 1, 2009 at the Ivey – ING Leadership Centre, the Exchange Tower, 130 King Street West, Toronto, Ontario at 10:00 a.m. (EST). Following the formal business of the meeting, John Macdonald, President & Chief Executive Officer and Steve Bower, CFO, will provide an overview of the Fund's operations and performance. The presentation will be available via webcast at www.consumerswaterheaters.com. A conference call and webcast to discuss the Fund's first quarter financial results for 2009 will be held on Friday, May 1, 2009 at 8:30 a.m. (EST). Results will be issued via press release before markets open on Friday, May 1, 2009. The dial-in numbers to listen to the teleconference are +1 416-644-3417 or +1 800-732-6179. The conference call will be hosted by Messrs. Macdonald and Bower. Following management's presentati on, there will be a question and answer session. 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 webcast will subsequently be archived on the site. A taped rebroadcast of the conference call will be available to listeners following the call until May 8, 2009 at midnight. To access the rebroadcast, please dial +1 416-640-1917 or +1 877-289-8525 and enter the passcode 21303801#. About The Consumers' Waterheater Income Fund The Fund owns a portfolio of approximately 1.4 million installed water heaters and other assets, rented primarily to residential customers in Ontario. The Fund also owns Stratacon Inc., a leading "smart" sub-metering company, with metering contracts for approximately 47,000 condominium and apartment suites in Alberta, Ontario and elsewhere in Canada. 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 protected]
www.consumerswaterheaters.com