Investor Services

Foremost Financial administers a portfolio of mortgages of approximately $70,000,000.

Investors can invest in mortgage loans with Foremost Financial Corporation as a participant in a syndicated
mortgage or as a unit holder in Foremost Mortgage Trust.

Foremost Mortgage Trust is an open-ended investment trust. Unit holders of the Trust participate in a portfolio of mortgage investments.

Interest distributions
Interest distributions are made monthly and can be taken as income or reinvested for growth.  

RRSP Eligibility
Units of Foremost Mortgage Trust are qualified investments for RRSP, RRIF and DPSP.

Liquidity
Investors can redeem all or part of their units on 90 days notice.

Diversity
Your investment in Foremost Mortgage Trust units will participate in a portfolio of approximately 70 mortgages
within our target lending area.


Rate of Return
The graph shows the net rate of return paid to investors over the past 15 years.




























Who Can Invest
You must be an Accredited Investor to invest into the Foremost Mortgage Trust. An Accredited Investor is:

• An individual who either alone or with a spouse, beneficially owns, directly or indirectly, financial assets that have an aggregate realizable value before taxes, but net of related liabilities, exceeds $1,000,000.00, or


• b. Whose net income before taxes exceeds $200,000 or with a spouse exceeds $300,000, or


• c. An investor who subscribes to invest for a minimum value of units of $150,000.

To participate in a syndicated mortgage a minimum investment of $50,000.00 is required.


View Documents
Subscription agreement, Declaration of trust, Offering Memorandum

Mortgage process

• Mortgage applications are originated through mortgage brokers, lawyers, builders, developers and former clients.


• Acceptable applications are underwritten and approved by two members of the management team and committed subject to due diligence.


• Due diligence will include all pertinent financial statements or notice of assessments, real estate appraisals, environmental report, credit checks, client application, net worth statements and leases.


• Solicitors are instructed to prepare security documentation. All mortgages are insured by First Canadian Title insurance and Foremost Financial Corporation and our solicitors carry Errors and Omissions Insurance.

FAQ

Who can Invest?
Only Accredited Investors can invest into the Foremost Mortgage Trust or a minimum investment of $150,000 is required.

Can I use my self directed RRSP or RRIF for investment?
Yes, investment in the Trust is qualified for RRSP/RRIF and DPSP.

How are distributions paid?
Distributions are paid monthly by direct deposit to investors. Alternatively, distributions can be reinvested into additional units of the Trust.

Is my investment liquid?
Yes, Foremost Mortgage Trust is open-ended. Investors can redeem some or all of their units on 90 days notice and are able to invest in additional units at any time.

Is my investment guaranteed?
No, the fund is secured by mortgages on the real estate. Each mortgage must meet our underwriting due diligence standards.

Are there fees for investing in the Trust?
The costs associated with managing the Trust such as interest expenses, audit and management fees are paid by the Trust. There are no additional fees to the Investor.

Will I be taxed?
Yes, your income will be taxed as interest and you will receive a T3 at the end of the year.

Does Foremost provide reports?
Foremost provides a quarterly report on the performance of the fund and a statement of your holdings.