First National to Hold Second Quarter 2008 Results Conference Call on July 30, 2008



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

    TORONTO, July 23 /CNW/ - First National Financial Income Fund (TSX:
FN.UN)

    
    -------------------------------------------------------------------------
    Second Quarter 2008
    Earnings Release                  July 30, 2008 before market open
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    Conference Call and Webcast       July 30, 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               416-644-3417 or 1-800-732-9307
    -------------------------------------------------------------------------
    

    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
August 6, 2008. To access the rebroadcast, please dial 416-640-1917 or
1-877-289-8525 and enter passcode 21276207(followed by the number sign).

    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 $34 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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