I don't follow CWI.UN but I used to own YLO.UN. I sold YLO.UN before they cut distributions after a chat with a friend who is a small business owner. It seems that many small business owners are moving away from putting expensive ads in Yellow Pages -- they just don't see the value. In any case, if you have a business phone, a one-line ad in Yellow Pages is thrown in and many see that as sufficient.
It is true that YLO.UN is trying to become an online player but that arena is crawling with competitors. Since then, the dividend has been cut and I feel that it is hard to trust management any more.