First National Financial Income Fund announces June cash distribution

    IN THE U.S./

    TORONTO, June 15 /CNW/ - First National Financial Income Fund  (TSX:
FN.UN) today announced its monthly cash distribution of $0.10417 per unit for
the period June 1 to June 30, 2007. This distribution will be payable on July
13, 2007 to unitholders of record at the close of business on June 29, 2007.

    About First National Financial Income Fund

    First National Financial Income Fund (TSX: FN.UN) is a Canadian-based
originator, underwriter and servicer of predominantly prime residential
(single family and multi-unit) and commercial mortgages. With more than
$25 billion in mortgages under administration, First National is Canada's
largest non-bank originator and underwriter of residential mortgages and is
among the top three in market share in the growing mortgage broker
distribution channel. For more information, please visit

For further information:

For further information: Rob Inglis, Vice President, Finance, First
National Financial LP, Tel: (416) 593-1100, Email:; Danna Broadworth, Account Executive,
BarnesMcInerney Inc., Tel: (416) 367-5000, Email:

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