WesternOne Equity Income Fund is an unincorporated, open-ended trust established under the laws of the Province of British Columbia pursuant to WesternOne Declaration of Trust dated June 14, 2006. WesternOne has been created to indirectly invest in a diversified portfolio of businesses that are based primarily in Western Canada.

WesternOne Rentals & Sales

Aerial

This initial equipment rental platform was established in 2006 with the acquisition of Production Equipment Rentals Company. This platform operates in the aerial equipment rental segment renting boom lifts, scissor lifts and other related products to multiple industries. WesternOne Rentals and Sales acquired aerial rental company On*Site Equipment in April 2010.

Construction Heat

The acquisition of Deerfoot Equipment Rentals Ltd in February 2008 and Sure-Fire Propane and Davis Heater Service in October 2008 also created a second service offering for WesternOne Rentals and Sales in the Construction heat segment. Companies in this segment are involved in the delivery, installation and maintenance of construction heating products as well as delivery and distribution of propane and other fuels. We will continue to consolidate construction heat, propane and other fuel distribution related companies in the future.

Equipment Rentals

WesternOne Rentals and Sales also operates several general rents locations, providing equipment rentals, sales and services sales to a diverse array of industries. Acquisitions to date in this segment include Old Country Rentals in June 2007, and C&N Rentals in January 2008.

Britco

The acquisition of Britco’s Modular Manufacturing and Leasing Business in June 2011 created a second independent platform for WesternOne Equity Income Fund. Britco Business is one of the largest Canadian designers and manufacturers of custom commercial portable and permanent modular buildings and custom workforce accommodations. Britco also operates a rental fleet of approximately 1,200 modular and temporary buildings in western Canada. Acquisitions to date in this segment include Britco USA located in Waco, Texas and acquired in November 2011. WesternOne Equity Income Fund will continue to source acquisitions in this segment.