CALGARY, Nov. 28 /CNW/ - The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is pleased to announce that they have approved the first cash distribution to the Partnership unitholders of $0.045 per unit for the quarter ending September 30, 2005. This distribution comes only five months after the completion of the conversion to the Partnership on June 23, 2005. Payment will be made on or about December 23, 2005, to unitholders of record as of the close of business on December 9, 2005. Investors are cautioned that distributions are always subject to approval from the board of directors of the general partner and may be increased, decreased or suspended by the board at any time. CERFLP is a Canadian limited partnership engaged in the rental, sale and service of industrial and construction equipment. CERFLP trades on the TSX Venture Exchange under the symbol "CFL.UN" and currently has 3,136,301 units issued and outstanding. %SEDAR: 00022335E