First National AlarmCap Income Fund officer change announcements

    EDMONTON, May 1 /CNW/ - First National AlarmCap Income Fund ("TSX:
FNA.UN") (the "Fund") is pleased to announce changes to its executive team
    Paul-Rene Lacroix, CMA joined the Fund as Vice President - Administration
on January 6, 2009. Effective April 20, 2009 Mr. Lacroix has been appointed as
an officer of the Fund. Mr. Lacroix was absent from the Fund for the last 3
years but was previously with the Fund and with Microtec Enterprises Inc.
prior to that. Mr. Lacroix has more than 17 years experience with the security
alarm industry. "Paul-Rene has tremendous respect from his peers and we are
pleased on his return and on his appointment as an officer," said Fred Fong,
President & CEO.
    The Fund also announces that it's strategic partner, Securex Financial
Corp. ("Securex"), has requested that Karen Charters cease to be Executive
Vice President of the Fund effective April 20, 2009 so that she may assume an
expanded role at Securex. Ms. Charters has agreed to this request. Fred Fong
states that "The Fund looks forward to its continued relationship with Karen
through its strategic relationship with Securex. Karen has a wealth of
knowledge of the security alarm industry that both Securex and AlarmCap can
draw upon."
    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 of the
assets and shares of Microtec Enterprises Inc. ("Microtec") and substantially
all the assets of Securex Master Limited Partnership ("Securex"). Microtec,
founded in 1989 in Quebec City, Quebec, is one of the largest residential
security monitoring companies in Canada. Securex, founded in 1994 in Calgary,
Alberta, is an alternative credit provider to dealers offering bundled
financial, billing / back office and monitoring services to independent
dealers throughout Canada.
    Information about First National AlarmCap Income Fund can be found at

For further information:

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

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