Canadian Wireless Trust Declares Quarterly Distribution

TORONTO, Dec. 2 /CNW/ -The Board of Directors of Canadian Wireless Limited in its capacity as Trustee for Canadian Wireless Trust (the "Trust") has declared a cash distribution of $0.088 per Trust unit, payable on January 14, 2011 to holders of record at the close of business on December 30, 2010. For tax purposes, the distribution will be taxable in 2011.

Unitholders are entitled to receive quarterly distributions as declared by the Trustee of the Trust. The Trustee generally intends to declare and pay quarterly distributions to the extent of dividends received in the quarter from the portfolio, less the estimated operating expenses for the period.

Canadian Wireless Trust is an investment trust created to hold common shares that reflect an initially equal weighted exposure to the Canadian telecommunications companies that are expected to benefit most from growth in wireless telecommunications - BCE Inc., Rogers Communications Inc. and TELUS Corporation.

Units are listed for trading on the TSX under the symbol CDW.UN.

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For further information:

Investor Relations
Canadian Wireless Trust
[phone]
E-mail: [email protected]
Web site: www.scotiamanagedcompanies.com