UE WATERHEATER INCOME FUND — Investor Relations & Filings

UE Waterheater Income Fund was an investment vehicle that indirectly owned and managed a substantial portfolio of rental assets. The core business involved leasing water heaters, holding one of the largest portfolios in Canada (approximately 1.4 million units), primarily serving residential customers in Ontario through monthly rental agreements. The Fund's assets also included rental HVAC equipment and electronic security systems. While initially focused on the residential sector, the company expanded its leasing and service offerings to commercial markets, including retailers and restaurants. The business model is centered on generating income from long-term equipment rental and service contracts.