First National Financial Income Fund announces June monthly distribution

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TORONTO, June 15 /CNW/ - First National Financial Income Fund (TSX: FN.UN) today announced its monthly cash distribution of $0.125 per unit for the period June 1 to June 30, 2010. This distribution will be payable on July 15, 2010 to unitholders of record at the close of business on June 30, 2010.

The Fund also announced today that it has filed revised officers' certificates for the certification of annual filings for December 31, 2009, and Revised Annual Management's Discussion and Analysis for the year ended December 31, 2009 (the "Revised MD&A"), dated June 15, 2010, with the Canadian securities regulatory authorities in Canada. The Revised MD&A replaces and supersedes the previous Annual Management's Discussion and Analysis of the Fund dated March 30, 2010 and has been refiled to include management's conclusions about the Company's disclosure controls and procedures. The revised officers' certificates certify the Revised MD&A. The Revised MD&A and certificates are available on SEDAR at www.sedar.com.

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 $49 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 Information

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 Fund 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.

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]