Foremost Income Fund

Foremost Income Fund

February 24, 2010 13:51 ET

Foremost Income Fund Announces First Quarter 2010 Cash Distribution

CALGARY, ALBERTA--(Marketwire - Feb. 24, 2010) - Foremost Income Fund (the "Fund") (TSX:FMO.UN) has declared its first quarter (Q1-2010) cash distribution of $0.10 per trust unit. Distributions are payable Wednesday, March 31, 2010 to Unitholders of Record as at Wednesday, March 17, 2010.

The Fund's first quarter (Q1-2010) distribution details are as follows:

Distribution per trust unit: $0.10
Ex-distribution date: Monday, March 15, 2010
Record date: Wednesday, March 17, 2010
Payment date: Wednesday, March 31, 2010

On behalf of the Trustees

Foremost Income Fund

James T. Grenon, Trustee


Certain statements in this news release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Fund to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, such statements use words such as "may", "will", "expect", "believe", "plan" and other similar terminology. These statements reflect management's current expectations regarding future events and operating performance and speak only as of the date of this news release. These forward-looking statements involve a number of risks and uncertainties, including: the impact of general economic conditions, industry conditions, changes in laws and regulations, increased competition, fluctuations in commodity prices and foreign exchange, and interest rates and stock market volatility.

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