First National Financial announces first quarter 2010 conference call and
annual and special meeting information

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

TORONTO, April 14, 2010 /CNW/ - First National Financial Income Fund (TSX: FN.UN)

    
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    First Quarter 2010 Earnings Release    April 27, 2010, after market close
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    Conference Call and Webcast            April 28, 2010, 10 a.m. ET
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    Hosted by                              Stephen Smith, Chairman and
                                           President; Rob Inglis, Chief
                                           Financial Officer; Moray Tawse,
                                           Vice President, Mortgage
                                           Investments
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    Participant Numbers                    416-644-3418 or 800-814-4861
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A question and answer session for analysts and institutional investors will follow management's presentation.

A taped rebroadcast will be available to listeners until 12 a.m. on May 5, 2010. To access the rebroadcast, please dial 416-640-1917 or 1-877-289-8525 and enter passcode 4281837 followed by the number sign.

    
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    Annual and Special Meeting             May 4, 2010, 10 a.m. ET
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    Hosted by                              Stephen Smith, Chairman and
                                           President; Rob Inglis, Chief
                                           Financial Officer; Moray Tawse,
                                           Vice President, Mortgage
                                           Investments
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    Location                               TSX Broadcast and Conference
                                           Centre
                                           The Gallery
                                           The Exchange Tower
                                           130 King Street West,
                                           Toronto, Ontario
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Following the formal part of the meeting, there will be a presentation by management and a question and answer session.

A live audio webcast of the meeting and accompanying slides will be available on the Company's website at www.firstnational.ca.

About First National Financial Income Fund

First National Financial Income Fund (TSX: FN.UN) owns a 21% interest in First National Financial LP, a Canadian-based originator, underwriter and servicer of predominantly prime residential (single family and multi-unit) and commercial mortgages. With nearly $48 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.

For further information: Rob Inglis, Chief Financial Officer, First National Financial LP, Tel: [phone], Email: [email protected]; Steve Wallace, Vice President, BarnesMcInerney Inc., Tel: [phone], Email: [email protected]