First National Financial Income Fund announces October cash distribution



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

    TORONTO, Oct. 20 /CNW/ - First National Financial Income Fund (TSX:
FN.UN) today announced its monthly cash distribution of $0.1125 per unit for
the period October 1 to October 31, 2008. This distribution will be payable on
November 14, 2008 to unitholders of record at the close of business on October
31, 2008.

    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 $36 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, 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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