When was the Fund formed?
Coast Wholesale Appliances Income Fund began trading on June 23, 2005, with the completion of an Initial Public Offering (IPO) of 6,525,000 units.
Where are the Fund units traded?
The Fund’s units are traded on the Toronto Stock Exchange (TSX) under the symbol CWA.UN
How many units are currently outstanding?
Currently, there are 6,525,000 public units of the Fund outstanding. In addition, there are 3,509,166 exchangeable units of Coast Wholesale Appliances LP issued and outstanding. These units are exchangeable on a one-for-one basis for units of the Fund at the option of the holder, CWAL Investments Ltd., the former owner of the Coast business.
What is the current distribution?
The current monthly distribution rate is $0.1025 per unit. View distributions history.
How do you define distributable cash?
Distributable cash is the term used by entities such as the Fund to describe the funds available for distribution to unitholders. The Fund considers adjusted distributable cash to be cash flow from operations, before changes in non-cash working capital, less maintenance capital expenditures. Distributable cash is not an earnings measure recognized by GAAP and does not have a standardized meaning prescribed by GAAP. Therefore, the distributable cash of the Fund is unlikely to be comparable to the distributable cash measures presented by other issuers. However, distributable cash is commonly used by Canadian open-ended trusts as an indicator of financial performance and we believe it is a useful supplemental measure that may assist in assessing the potential return on an investment in the Fund’s units.
What about investment eligibility?
The Fund’s units are eligible for investment under the usual Canadian statutes and for RRSPs, RRIFs, RESPs and DPSPs, and are not considered foreign property under such plans.
When is Coast Wholesale Appliances’ fiscal year-end?
With the establishment of the Fund, Coast changed its fiscal year-end from February 28 to December 31.
Where can I find the latest published financial information about the Fund?
Follow the SEDAR link below for more information about the Fund’s
financial performance, including our public documents and
library of financial reports in pdf format.
Link to www.sedar.com
How can I obtain a printed copy of the Fund’s financial reports?
For speed of delivery, you can download the printable PDF files on our site page: Financial Reports. Should you wish to receive printed copies of the Fund’s financial reports by mail, register over the web at WILink report services, or by phone, you may call toll-free to the WI Link investor hotline: 1.888.757.5989.
Where is the Fund’s head office?
Coast Wholesale Appliance Income Fund’s head office is located in Vancouver, British Columbia. For more detailed contact information, view our IR Contacts page.