First National to Host Fourth Quarter and Year-End 2009 Results Conference
Call on March 10, 2010

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

TORONTO, Feb. 24, 2010 /CNW/ - First National Financial Income Fund (TSX: FN.UN)

    
    -------------------------------------------------------------------------
    Fourth Quarter and Year-End 2009   March 10, 2010
    Earnings Release                   before market open
    -------------------------------------------------------------------------
    Conference Call and Webcast        March 10, 2010 10:00 a.m. ET
    -------------------------------------------------------------------------
    Hosted by                          Stephen Smith, Chairman and President
                                       Rob Inglis, Chief Financial Officer
                                       Moray Tawse, Vice President,
                                        Mortgage Investments
    -------------------------------------------------------------------------
    Participant Numbers                416-644-3414 or 1-800-814-4859
    -------------------------------------------------------------------------
    

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 March 17, 2010. To access the rebroadcast, please dial 416-640-1917 or 1-877-289-8525 and enter passcode 4216115 followed by the number sign.

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 more than $45 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]