First National Financial Income Fund increases monthly distribution by 11%



    
    Annualized Distribution Increases to $1.50 per unit

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

    TORONTO, Sept. 9, 2009 /CNW/ - First National Financial Income Fund (the
"Fund") (TSX: FN.UN) today announced an 11% increase in its monthly
distributions to unitholders. On an annualized basis, the Fund will pay out
$1.50 per unit, up from $1.35 per unit. The new monthly cash distribution rate
of $0.125 per unit will commence with the distribution payable on October 15,
2009 to unitholders of record at the close of business on September 30, 2009.
    "We are pleased that the continued growth of our business has allowed us
to implement a distribution increase for the benefit of our unitholders," said
Stephen Smith, Chairman and President of First National Financial LP. "We are
confident that this increase is sustainable due to the steady rise in
profitability since 2008 and strong prospects for future growth."

    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 $43 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, Chief Financial Officer, First
National Financial LP, Tel: (416) 593-1100, Email:
rob.inglis@firstnational.ca; Steve Wallace, Vice President, BarnesMcInerney
Inc., Tel: (416) 367-5000, Email: swallace@barnesmcinerney.com


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