For Immediate Release
Toronto, Ontario, February 15, 2013 – First National Mortgage Investment Fund (TSX: FNM.UN) (the “Fund”) today announced its first monthly cash distribution of $0.05 per unit for the period February 1 to February 28, 2013. The distribution will be payable on March 15, 2013 to unitholders of record at the close of business on February 28, 2013. As of today’s date, the Fund has invested almost $47 million of the proceeds of the public offering and looks to be fully funded by the end of February 2013
About First National Mortgage Investment Fund
The Fund was created to obtain economic exposure to a diversified portfolio of mortgages originated by First National Financial LP, a wholly owned subsidiary of First National Financial Corporation.
About First National Financial Corporation
First National Financial Corporation (TSX: FN) 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 over $66 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 mortgage broker distribution channel. For more information, please visit www.firstnational.ca.
About Stone Asset Management Limited
Stone Asset Management Limited (“SAM”) is the manager and portfolio manager of the Fund. SAM manages a family of open-ended mutual funds, a series of flow-through limited partnerships and a TSX-listed investment fund. SAM specializes in structuring and managing high quality investment products and currently has approximately $706 million in assets under management.
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