First National AlarmCap Income Fund announces changes to governance positions of its subsidiaries



    CALGARY, March 10 /CNW/ - First National AlarmCap Income Fund
(TSX: FNA.UN) (the "Fund") announces that the trustees of the Fund have
resolved to align the governance structure of the Fund, its wholly-owned
subsidiary First National AlarmCap Trust (the "Trust"), and the Trust's
wholly-owned subsidiary First National AlarmCap GP Inc. Effective immediately
the Trust's trustees are Timothy Whyte, Oliver Plett and Leonard Sudermann,
who are also the existing trustees of the Fund. Also effective immediately the
directors of the GP are George Fink, Timothy Whyte, Oliver Plett and Leonard
Sudermann.

    The Fund indirectly owns and operates Microtec, one of Canada's largest
security alarm sales, installation and monitoring companies. The Fund also
indirectly owns Securex, a leading alternative credit provider which offers
bundled financial, billing/back office and monitoring services to independent
dealers throughout Canada.
    Information about First National AlarmCap Income Fund can be found at
www.sedar.com.





For further information:

For further information: Leonard Sudermann, President & CEO, First
National AlarmCap Income Fund, (403) 299-2299, len@securex.ca

Organization Profile

FIRST NATIONAL ALARMCAP INCOME FUND

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