First National to Hold Annual and Fourth Quarter 2007 Results Conference Call on March 5, 2008



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

    TORONTO, Feb. 20 /CNW/ - First National Financial Income Fund
(TSX: FN.UN)

    
    -------------------------------------------------------------------------
    Annual and Fourth Quarter 2007
    Earnings Release                  March 5, 2008, before market open
    -------------------------------------------------------------------------
    Conference Call and Webcast       March 5, 2008, 10 a.m. ET
    -------------------------------------------------------------------------
    Hosted by                         Stephen Smith, Chairman and President;
                                      Moray Tawse, Vice President, Mortgage
                                      Investments; Rob Inglis, Vice
                                      President, Finance
    -------------------------------------------------------------------------
    Participant Numbers               416-644-3415 or 1-800-733-7571
    -------------------------------------------------------------------------
    

    A question and answer session for analysts and institutional investors
will follow management's presentation.
    A taped rebroadcast will be available to listeners until 12 a.m. on
March 12, 2008. To access the rebroadcast, please dial 416-640-1917 or
1-877-289-8525 and enter the passcode 21259864 followed by the number sign.

    About First National Financial Income Fund

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