First National Financial Income Fund to Hold first quarter 2007 results Conference Call and Annual General Meeting



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

    TORONTO, April 13 /CNW/ - First National Financial Income Fund
(TSX: FN.UN) ("the Fund") today announced it will hold a conference call and
live audio webcast on Wednesday, April 25, 2007 at 10 a.m. (ET) to discuss the
Fund's financial results for the first quarter of fiscal 2007 ended March 31,
2007.
    A news release announcing the Fund's results will be issued prior to the
call. The call will be hosted by Stephen Smith, President and Chairman, Moray
Tawse, Vice President, Mortgage Investments, and Rob Inglis, Vice President,
Finance. Following management's presentation, there will be a question and
answer session for analysts and institutional investors.
    To participate in the teleconference, the numbers are 416-644-3417 or
1-800-731-6941. To access the live audio webcast, please visit First
National's web site at www.firstnational.ca. The webcast will also be archived
on the site. A taped rebroadcast will be available to listeners following the
call until 12 a.m. (ET) on May 2, 2007. To access the rebroadcast, the numbers
are 416-640-1917 or 1-877-289-8525 and the passcode is 21227136 followed by
the number sign.
    The Fund also announced that it will hold its first Annual General
Meeting of unitholders on Wednesday, April 25, 2007 at 2 p.m. (ET) at The
Gallery at the TSX Broadcast & Conference Centre in Toronto, Ontario.
Following the formal meeting, there will be a presentation by management and a
question and answer session. The simultaneous live webcast can be accessed at
First National's web site at www.firstnational.ca. The webcast will also be
archived on the web site.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) is a Canadian-based
originator, underwriter and servicer of predominantly prime residential
(single family and multi-unit) and commercial mortgages. With more than
$24 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, Account Executive,
BarnesMcInerney Inc., Tel: (416) 367-5000, Email:
dbroadworth@barnesmcinerney.com


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