TORONTO, ONTARIO–(Marketwire – Dec. 9, 2008) – The Consumers' Waterheater Income Fund (the "Fund") (TSX:CWI.UN), today announced the appointment of John Toffoletto as Senior Vice President, General Counsel and Corporate Secretary for the Fund and each of its subsidiaries. Mr. Toffoletto comes to the Fund from one of Canada's preeminent corporate law firms, Torys LLP, where he played a significant role in the Fund's formation in 2002 and its subsequent legal affairs, including financings, acquisitions and commercial arrangements. "We are very pleased to welcome John, as we have always considered him to be an integral part of our team," said John Macdonald, President and CEO. "With the internalization of management in December 2007, we have been able to put the right team in place, enabling us to grow the business. John's intimate knowledge of the Fund, and our already strong working relationship, makes him an ideal fit." Mr. Toffoletto will assume his new responsibilities commencing January 5, 2009. In addition to acting for the Fund, Mr. Toffoletto has acted for some of Canada's leading public companies, pension funds and financial institutions. 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 meters installed in approximately 24 thousand 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
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