CALGARY, Sept. 18 /CNW/ - The board of directors of the general partner for Canadian Equipment Rental Fund Limited Partnership (the "Partnership"), is pleased to announce that, due to the strong performance of the first 3 quarters of 2006, they have approved an increase in the third quarter cash distribution to the Partnership unitholders to $0.11 per unit (up 100% from the previous $0.055 per unit distribution announced June 16, 2006). Payment will be made on or about October 16, 2006, to unitholders of record as of the close of business on September 28, 2006. Investors who are participating in the current financing which closes on September 29, 2006, are cautioned that the units subscribed for under the financing will not be eligible for this distribution. Investors are further cautioned that future 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 3,266,767 units issued and outstanding. FORWARD LOOKING STATEMENTS This press release contains forward-looking statements subject to various risk factors and uncertainties, which may cause the actual results, performances or achievements of Canadian Equipment Rental Fund Limited Partnership to be materially different from any future results, performances or achievements expressed or implied by such forward-looking statements. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. %SEDAR: 00022335E