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Mar 23, 2016
For Immediate Release
Toronto, Ontario, March 23, 2016 – First National Financial Corporation (“First National”) (TSX: FN, TSX: FN.PR.A) today announced that 1,112,853 of its 4,000,000 issued and outstanding cumulative 5-year rate reset Class A Preference Shares, Series 1 (“Series 1 Preference Shares”) were tendered for conversion, on a one-for-one basis, into cumulative floating rate Class A Preference Shares, Series 2 (“Series 2 Preference Shares”). Effective April 1, 2016, the Company will have 2,887,147 Series 1 Preference Shares and 1,112,853 Series 2 Preference Shares outstanding and issued. The Series 1 Preference Shares will continue to be listed on the Toronto Stock Exchange (“TSX”) under the symbol FN.PR.A. The Series 2 Preference Shares will be listed on the TSX under the symbol FN.PR.B.
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Robert Inglis Chief Financial Officer First National Financial Corporation Tel: 416-593-1100 Email: rob.inglis@firstnational.ca
Ernie Stapleton President Fundamental Tel: 905-648-9354 Email: ernie@fundamental.ca