First National AlarmCap Income Fund announces resumption of distributions

    EDMONTON, June 29 /CNW/ - First National AlarmCap Income Fund
(TSX:FNA.UN) (the "Fund") announces cash distributions for June 2009 in the
total amount of $0.02 per Class A trust unit ("Unit") of the Fund. The
distributions will be paid on July 31, 2009, to unit holders of record at the
close of business on July 9, 2009.
    The Fund has reviewed its present financial position and its estimated
cash flows for the remainder of the current year and has determined that it
will re-instate its monthly distributions. The Fund will initially commence
with a monthly distribution of $0.02 per Unit and to monitor this amount on an
ongoing basis. This distribution represents a payout ratio of approximately
50%. "The Fund is committed to growth along with a stable distribution for our
unitholders while also strengthening our balance sheet," said Fred Fong,
President & CEO of the Fund. Distributions are paid on or about the last day
of the month following the end of each monthly distribution period to
unitholders of record on the last business day of that monthly distribution

    The Fund is an unincorporated, open-ended, limited purpose trust and its
Class A trust units are listed on the Toronto Stock Exchange under the ticker
symbol "FNA.UN". The Fund was established to acquire substantially all the
assets and shares of Microtec Enterprises Inc. ("Microtec") and substantially
all the assets of Securex Master Limited Partnership. The Microtec division,
based in Quebec, is one of the largest full service security alarm monitoring
operations in Canada. Information about First National AlarmCap Income Fund
can be found at

    Cautionary statement regarding forward-looking information and statements

    Certain statements contained in this new release relate to matters that
are not historical facts constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward looking
statements or information in this news release include but are not limited to
the intention to declare distributions in the future. These statements are
based on certain assumptions and analysis made by the Fund in light of its
experience and its perception of historical trends, current conditions and
expected future developments as well as other factors it believes are
appropriate in the circumstances. However, whether actual results, performance
or achievements will conform to the Fund's expectations and predictions is
subject to a number of known and unknown risks and uncertainties which could
cause actual results to differ materially from the Fund's expectations. See
the Fund's Annual Information Form dated March 26, 2009, available on SEDAR at for a comprehensive set of risk factors related to the Fund.
Consequently, all of the forward-looking information and statements made in
this news release are qualified by these cautionary statements and there can
be no assurance that the actual results or developments anticipated by the
Fund will be realized or, even if substantially realized, that they will have
the expected consequences to or effects on the Fund or its business or
operations. Except as may be required by law, the Fund assumes no obligation
to update publicly any such forward-looking information and statements,
whether as a result of new information, future events or otherwise.

For further information:

For further information: Fred Fong, President & Chief Executive Officer,
(418) 864-7941 ext. 2802,

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