First National Financial Income Fund announces final year end special distribution and February monthly distribution



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

    TORONTO, Feb. 14 /CNW/ - First National Financial Income Fund (TSX:
FN.UN) (the "Fund") today announced that the one-time special year-end
distribution for the year ended December 31, 2007 will be $0.06 per unit. On
December 14, 2007, the Fund announced that its Board of Trustees had approved
an estimated one-time special distribution of $0.05 per unit. The final amount
of the special distribution has since been determined to be $0.06 per unit and
will be payable on March 17, 2008 to unitholders of record at the close of
business on December 31, 2007.
    In addition, the Fund announced that its regular monthly cash
distribution for the period February 1 to February 29, 2008 will be $0.10417
per unit. This distribution will be payable on March 17, 2008 to unitholders
of record at the close of business on February 29, 2008.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) owns a 19.97% interest
in 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 $31 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, Consultant, BarnesMcInerney
Inc., Tel: (416) 367-5000, Email: dbroadworth@barnesmcinerney.com


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