First National to Host Third Quarter 2010 Results Conference Call on November
5, 2010

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

TORONTO, Oct. 21, 2010 /CNW/ - First National Financial Income Fund (TSX: FN.UN)

Third Quarter 2010 Earnings Release	November 4, 2010 after market close
Conference Call and Webcast	November 5, 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 November 12, 2010. To access the rebroadcast, please dial 416-640-1917 or 1-877-289-8525 and enter passcode 4364562#.

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 over $50 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.

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