TORONTO, June 15, 2016 /CNW/ - First National Financial Corporation (TSX: FN) today announced its monthly dividend payment of $0.141667 per common share for the period June 1 to June 30, 2016. The dividend will be payable on July 15, 2016 to shareholders of record at the close of business on June 30, 2016.
The Company also announced its quarterly dividend on its Class A Series 1 Preference Shares ("Series 1 Preference Shares") and Class A Series 2 Preference Shares ("Series 2 Preference Shares") for the period April 1 to June 30, 2016. The dividend of $0.174375 per Series 1 Preference Share and dividend of $0.157816 per Series 2 Preference Share will be payable on July 15, 2016 to holders of record at the close of business on June 30, 2016.
With respect to the Class A Series 2 Preference Shares, the dividend rate for the period July 1 to September 30, 2016 has been set at 2.621%, as determined in accordance with the terms of the Series 2 Preference Shares.
About First National Financial Corporation
First National Financial Corporation (TSX:FN,TSX:FN.PR.A,TSX:FN.PR.B) 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 $94 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 mortgage broker distribution channel. For more information, please visit www.firstnational.ca.
SOURCE First National Financial Corporation
For further information: Robert Inglis, Chief Financial Officer, First National Financial Corporation, Tel: 416-593-1100, Email: [email protected]; Ernie Stapleton, President, Fundamental Creative Inc., Tel: 905-648-9354, Email: [email protected]