First National to Host Third Quarter 2009 Results Conference Call on October
28, 2009

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

TORONTO , Oct. 15 /CNW/ - First National Financial Income Fund (TSX: FN.UN)

    
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    Third Quarter 2009                October 28, 2009 before market open
    Earnings Release
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    Conference Call and Webcast       October 28, 2009 10:00 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               416-644-3416 or 1-866-250-4892
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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 November 4, 2009 . To access the rebroadcast, please dial 416-640-1917 or 1-877-289-8525 and enter passcode 4173105 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 $43 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]