First National AlarmCap Income Fund announces March 2007 distribution



    CALGARY, March 20 /CNW/ - First National AlarmCap Income Fund (TSX:
FNA.UN) (the "Fund") announces the cash distribution for the month of March
2007 of $0.070833 per Class A and Class B trust unit of the Fund. The
distribution will be paid on April 30, 2007 to unit holders of record at the
close of business on March 31, 2007.
    The cash distribution covers the period from March 1, 2007 to March 31,
2007.

    First National AlarmCap Income Fund indirectly holds all the issued and
outstanding securities of First National AlarmCap LP ("AlarmCap"). Information
about First National AlarmCap Income Fund can be found at www.sedar.com or
www.alarmcap.com.
    AlarmCap owns and operates Microtec, one of Canada's largest security
alarm sales, installation and monitoring companies. AlarmCap also owns
Securex, a leading alternative credit provider which offers bundled financial,
billing / back office and monitoring services to independent dealers
throughout Canada. AlarmCap has security alarm monitoring agreements with more
than $2,400,000 in recurring monthly revenue from over 100,000 subscribers.





For further information:

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

Organization Profile

FIRST NATIONAL ALARMCAP INCOME FUND

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