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For Immediate Release

Toronto, Ontario, March 15, 2022 – First National Financial Corporation (TSX: FN) today announced its monthly dividend payment of $0.195833 per common share for the period March 1 to March 31, 2022. The dividend will be payable on April 15, 2022 to shareholders of record at the close of business on March 31, 2022.

The Company also announced the quarterly dividend on its Class A Series 1 Preference Shares (“Series 1 Preference Shares”) and Class A Series 2 Preference Shares (“Series 2 Preference Shares”) for the period January 1 to March 31, 2022.  The dividend of $0.180938 per Series 1 Preference Share and dividend of $0.135555 per Series 2 Preference Share will be payable on April 15, 2022 to holders of record at the close of business on March 31, 2022.

With respect to the Class A Series 2 Preference Shares, the dividend rate for the period April 1 to June 30, 2022 has been set at 2.685%, as determined in accordance with the terms of the Series 2 Preference Shares. 

First National, for the purposes of the Income Tax Act (Canada) and any similar provincial legislation, advises that its dividends declared in March 2022 will be eligible dividends, unless otherwise indicated.

About First National Financial Corporation

First National Financial Corporation (TSX: FN, TSX: FN.PR.A, TSX: FN.PR.B) is the parent company of 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 $123 billion in mortgages under administration, First National is one of Canada’s largest non-bank originators and underwriters of mortgages and is among the top three in market share in the mortgage broker distribution channel.  For more information, please visit www.firstnational.ca.

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