FIRST NATIONAL FINANCIAL CORPORATION ANNOUNCES MARCH DIVIDEND INFORMATION

TORONTO, March 15, 2023 /CNW/ - First National Financial Corporation (TSX: FN) today announced its monthly dividend payment of $0.20 per common share for the period March 1 to March 31, 2023. The dividend will be payable on April 14, 2023, to shareholders of record at the close of business on March 31, 2023.

The Company also announced the 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 January 1 to March 31, 2023.  The dividend of $0.180938 per Series 1 Preference Share and dividend of $0.382377 per Series 2 Preference Share will be payable on April 14, 2023, to holders of record at the close of business on March 31, 2023.

With respect to the Class A Series 2 Preference Shares, the dividend rate for the period April 1 to June 30, 2023, has been set at 6.634%, as determined in accordance with the terms of the Series 2 Preference Shares. 

First National, for the purposes of the Income Tax Act (Canada) and any similar provincial legislation, advises that its dividends declared in March 2023 will be eligible dividends, unless otherwise indicated.

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 more than $131 billion in mortgages under administration, First National is one of Canada's largest non-bank originators and underwriters 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

Robert Inglis, Chief Financial Officer, First National Financial Corporation, Tel: [phone], Email: [email protected]; Ernie Stapleton, President, Fundamental Creative Inc., Tel: [phone], Email: [email protected]