First National Financial Corporation announces election of directors

TORONTO, May 17, 2016 /CNW/ - First National Financial Corporation (TSX: FN, TSX: FN.PR.A) ("First National") is pleased to announce that each of the seven director nominees listed in the Management Information Circular, dated March 24, 2016, were elected as directors of First National at the Annual Meeting of shareholders of First National (the "Meeting") held in Toronto on May 3, 2016. The detailed results of the vote for the election of directors held at the Meeting are set out below.

Name

Votes "For" (%)

Votes "Withheld" (%)

Stephen Smith

51,125,915 (99.18%)

422,678 (0.82%)

Moray Tawse

51,505,789 (99.92%)

42,804 (0.08%)

John Brough

51,179,621 (99.28%)

368,972 (0.72%)

Duncan Jackman

49,878,893 (96.76%)

1,669,700 (3.24%)

Robert Mitchell

51,533,489 (99.97%)

15,104 (0.03%)

Peter Copestake

51,531,464 (99.97%)

17,129 (0.03%)

Barbara Palk

51,529,789 (99.96%)

18,804 (0.04%)

 

Each of the seven nominees elected will serve on the board of directors of First National until the next annual election of directors.

In addition, the appointment of Ernst & Young LLP, as the auditor of First National, to hold office until the next annual meeting of shareholders of First National, or until their successors are appointed, and the authorization of the directors of First National to fix the auditor's remuneration, was approved by a resolution passed by a vote by ballot, with 51,555,401 (99.97%) total votes cast "FOR" and 17,904 (0.03%) total votes "WITHHELD".

About First National Financial Corporation

First National Financial Corporation (TSX: FN, TSX: FN.PR.A, TSX:FN.PR.B) 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 more than $94 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.

SOURCE First National Financial Corporation

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, Tel: 905-648-9354, Email: ernie@fundamental.ca


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