First National Mortgage Investment Fund Announces May Monthly Distribution

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TORONTO, May 15, 2013 /CNW/ - First National Mortgage Investment Fund (TSX: FNM.UN) (the "Fund") today announced its monthly cash distribution of $0.05 per unit for the period May 1 to May 31, 2013. The distribution will be payable on June 14, 2013 to unitholders of record at the close of business on May 31, 2013.

About First National Mortgage Investment Fund

The Fund was created to obtain economic exposure to a diversified portfolio of mortgages originated by First National Financial LP, a wholly owned subsidiary of First National Financial Corporation.

About First National Financial Corporation

First National Financial Corporation (TSX: FN) is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single-family and multi-unit) and commercial mortgages. With over $68 billion in mortgages under administration, First National is Canada's largest non-bank originator and underwriter of mortgages and is among the top three in market share in the mortgage broker distribution channel. For more information, please visit www.firstnational.ca.

About Stone Asset Management Limited

Stone Asset Management Limited ("SAM") is the manager and portfolio manager of the Fund.  SAM manages a family of open-ended mutual funds, a series of flow-through limited partnerships and a TSX-listed investment fund. SAM specializes in structuring and managing high quality investment products and currently has approximately $700 million in assets under management.

 

 

 

SOURCE: First National Mortgage Investment Fund

For further information:

Robert Inglis
Chief Financial Officer
First National Financial Corporation
Tel:  416-593-1100
Email: rob.inglis@firstnational.ca 


Ernie Stapleton
President
Fundamental Creative Inc.
Tel:  905-648-9354
Email: ernie@fundamental.ca