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//Income Fund
Income Fund2019-02-20T17:33:38+00:00

The content below is for information purposes only, is not legally binding, is not maintained in real time, and is subject in all respects to Foremost’s Deed of Trust, and public disclosure filings as required by Canadian securities laws on under the company profiles:

Foremost provides and maintains the Investor Information section of this website as a service to its Unitholders. This website is not intended to augment, substitute or supplement the legal disclosure requirements to which to Foremost is subject by securities and other legislation. Please read the “Terms of Use” for this website before you proceed.


Foremost Income Fund (the “Fund”) is an unincorporated open end mutual fund trust  established under the laws of the Province of Alberta by a Deed of Trust, made as of November 12, 2005 and amended and restated on December 15, 2011. The head and principal office of the Fund is located at 1225 64th Avenue NE, Calgary, Alberta T2E 8P9.

The Fund indirectly owns partnership interests in Foremost Equipment LP, Foremost Industries LP, and Foremost Universal LP, and is allocated (either directly or indirectly) the taxable income generated from these interests.

At a special meeting held on November 26, 2010, a majority of the Unitholders approved: (i) the voluntary de-listing of the Units from trading on the Toronto Stock Exchange; and (ii) amendments to the Deed of Trust regarding trading rights of Unitholders, cash redemptions and redemption limits. Therefore there is no “public market” for the Units and the Unitholders ability to sell, transfer, consign, mortgage, pledge, or dispose of any Trust Units in any manner whatsoever is limited, other than a transfer to a similar beneficiary, without the prior written consent of the Board of Trustees.


Foremost Industries LP is a limited partnership formed under the laws of the Province of Alberta. The business consists of the design, manufacture, sale and servicing of heavy all-terrain vehicles and drilling equipment for use in the mineral exploration, waterwell, construction, transportation, energy, and environmental industries and any other businesses which are related, ancillary or complementary thereto. Products and services are sold worldwide through its Canadian based direct sales force and through representatives, agents and distributors throughout the world.


Foremost Universal LP is a limited partnership formed under the laws of the Province of Alberta. The business consists of the design, manufacture, sale and service of shop tanks, vessels, field tanks, gas separation units and ULC Tanks used within the energy industry.  Foremost Universal LP also offers rental programs for certain shop tank models. Products and services are sold through its direct sales force. Currently, products and services are distributed from the company’s three active manufacturing locations in Alberta (Lloydminster (2) and Hythe).  Products are primarily sold in Canada.


Foremost Equipment LP is a limited partnership formed under the laws of the Province of Alberta in early 2015.  The business consists of the design, manufacture, sales and service of hydrovac vehicles and vacuum trucks.  Currently, the products and services are offered out of the Stettler facility and are sold in both the US and Canadian markets.


The Fund is governed by Trustees who are annually elected by the Unitholders. The current Trustees and their respective occupations are:

Mr. John Paul Grenon
   Board Liaison, TOM Capital Associates Inc.
Mr. Bruce J. Maclennan
  Chairman, Century Services Inc
Mr. Bevan May, Chairman
   Lead Director, TOM Capital Associates Inc.
Mr. Gord Wiebe
   President, Corpfin Services Ltd.