FIRST NATIONAL FINANCIAL CORPORATION ANNOUNCES FINAL YEAR-END SPECIAL DISTRIBUTION AND JANUARY DIVIDEND PAYMENT

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

TORONTO, Jan. 18 /CNW/ - First National Financial Corporation (TSX: FN) (the "Company") today confirmed that the one-time special year-end distribution of the former First National Financial Income Fund (the "Fund") for the year ended December 31, 2010 will be $0.40 per unit. On December 13, 2010, the Fund announced that its Board of Trustees had approved an estimated one-time special distribution of $0.35 per unit. The final amount of the special distribution has since been determined to be $0.40 per unit and will be payable on February 15, 2011 to unitholders of record at the close of business on December 31, 2010.

In addition, the Company announced that its first regular monthly dividend payment for the period January 1 to January 31, 2011 will be of $0.104167 per common share. This dividend will be payable on February 15, 2011 to shareholders of record at the close of business on January 31, 2011.

About First National Financial Corporation
First National Financial Corporation (TSX: FN) is the parent company of First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single family and multi-unit) and commercial mortgages. With over $52 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.

Forward-Looking Statements
Certain information included in this news release may constitute forward-looking information within the meaning of securities laws. In some cases, forward-looking information can be identified by the use of terms such as "may", "will, "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. This forward-looking information should not be read as providing guarantees of future performance or results, and will not necessarily be an accurate indication of whether or not, or the times by which, those results will be achieved. This forward-looking information is as of the date of this release, and is subject to change after such date. However, management and the Company disclaim any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required under applicable securities regulations.

SOURCE First National Financial Income Fund

For further information:

Rob Inglis
Chief Financial Officer
First National Financial Corporation          
Tel: 416-593-1100
Email: rob.inglis@firstnational.ca
Steve Wallace
Vice President
BarnesMcInerney Inc.
Tel: 416-367-5000
Email: swallace@barnesmcinerney.com

Organization Profile

First National Financial Income Fund

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