Dissident unitholders of First National AlarmCap Income Fund requisition special meeting

    CALGARY, March 28 /CNW/ - Unitholders representing more than 15% of the
issued and outstanding trust units of First National AlarmCap Income Fund (the
"Fund") confirm that a requisition to hold a special meeting of the
unitholders of the Fund pursuant to sections 12.1 and 12.9 of the Fund's First
Amended and Restated Declaration of Trust was delivered to the Fund and its
trustees on March 28, 2008.
    The purpose of the meeting will be to consider (i) the appointment of an
inspector to investigate the performance by the trustees of their
responsibilities and duties in respect of the Fund and (ii) the replacement of
the existing trustees of the Fund with new trustees. The new trustees will be
identified in an information circular to be sent to the unitholders of the
Fund in advance of the meeting.
    The requisitioning unitholders have requested that the meeting be held in
the City of Calgary, Alberta.

For further information:

For further information: Donald H. McPherson, Telephone: (403) 218-6375,
Facsimile: (403) 218-6376

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