First National Financial Income Fund announces April cash distribution



    /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
    THE U.S./

    TORONTO, April 18 /CNW/ - First National Financial Income Fund (TSX:
FN.UN) today announced its monthly cash distribution of $0.07917 per unit for
the period April 1 to April 30, 2007. This distribution will be payable on May
15, 2007 to unitholders of record at the close of business on April 30, 2007.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) is a Canadian-based
originator, underwriter and servicer of predominantly prime residential
(single family and multi-unit) and commercial mortgages. With more than $24
billion in mortgages under administration, First National is Canada's largest
non-bank originator and underwriter of residential mortgages and is among the
top three in market share in the growing mortgage broker distribution channel.
 For more information, please visit www.firstnational.ca.





For further information:

For further information: Rob Inglis, Vice President, Finance, First
National Financial LP, Tel: (416) 593-1100, Email:
rob.inglis@firstnational.ca; Danna Broadworth, Account Executive,
BarnesMcInerney Inc., Tel: (416) 367-5000, Email:
dbroadworth@barnesmcinerney.com


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