INVESTOR_PressReleases_FNMortgage-Fund

First National Mortgage Investment Fund Announces January Monthly Distribution

15 janv. 2016

For Immediate Release

Toronto, Ontario, January 15, 2016 – First National Mortgage Investment Fund (TSX:
FNM.UN) (the “Fund”) today announced its monthly cash distribution of $0.05 per unit
for the period January 1 to January 31, 2016. The distribution will be payable on February 16, 2016 to unitholders of record at the close of business on January 29, 2016.

About First National Mortgage Investment Fund

The Fund provides unitholders with tax-advantaged monthly distributions by investing in
Canadian mortgage loans originated by First National Financial LP. Today, the Fund is
fully invested in a diversified portfolio of mortgages on multi-unit residential, industrial,
and retail properties as well as land. To deliver an attractive yield, the Fund invests
primarily in short-term bridge mortgages, which typically bear higher rates of interest thantraditional debt financing, and the Fund’s manager applies leverage. To achieve its
objective of preserving capital, the portfolio’s weighted average loan-to-value ratio will
not exceed 75%. For more information, visit the Fund’s website at
www.firstnational.ca/Investors/FN-Mortgage-Investment-Fund/

About First National Financial Corporation

First National Financial Corporation (TSX: FN, TSX:FN.PR.A) 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 $92 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”) manages the Fund. Established in 1999,
SAM is an independent, Canadian-owned asset management company that specializes in structuring and managing high quality investment products. Its professionals are well
regarded in the Canadian investment community for their disciplined investment process. The Fund’s daily unit price can be found at http://www.stoneco.com/products/firstnational/first-national-mortgage-investment-fund
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For further information:

Robert Inglis
Chief Financial Officer
First National Financial Corporation
Tel: 416-593-1100
Email: rob.inglis@firstnational.ca
Ernie Stapleton
President
Fundamental Creative Inc.
Tel: 905-648-9354
Email: ernie@fundamental.ca