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



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

    TORONTO, Jan. 20 /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, 2008 will be $0.07 per unit. On
December 15, 2008, 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 $0.07 per unit and
will be payable on February 17, 2009 to unitholders of record at the close of
business on December 31, 2008.
    In addition, the Fund announced that its regular monthly cash
distribution for the period January 1 to January 31, 2009 will be $0.1125 per
unit. This distribution will be payable on February 17, 2009 to unitholders of
record at the close of business on January 30, 2009.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) owns a 21% 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 $38 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
growing mortgage broker distribution channel. For more information, please
visit www.firstnational.ca.





For further information:

For further information: Rob Inglis, Chief Financial Officer, First
National Financial LP, Tel: (416) 593-1100, Email:
rob.inglis@firstnational.ca; Danna Broadworth, Senior Consultant,
BarnesMcInerney Inc., Tel: (416) 367-5000, Email:
dbroadworth@barnesmcinerney.com


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