First National Financial Income Fund announces November cash distribution



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

    TORONTO, Nov. 19 /CNW/ - First National Financial Income Fund (TSX:
FN.UN) today announced its monthly cash distribution of $0.10417 per unit for
the period November 1 to November 30, 2007. This distribution will be payable
on December 14, 2007 to unitholders of record at the close of business on
November 30, 2007.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) owns a 19.97 per cent
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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