INVESTOR_PressReleases_FNMortgage-Fund

First National Mortgage Investment Fund Announces October Monthly Distribution

Oct 16, 2017

For Immediate Release

Toronto, Ontario, October 16, 2017 – First National Mortgage Investment Fund (TSX: FNM.UN) (the “Fund”) today announced its monthly cash distribution of $0.05 per unit for the period October 1 to October 31, 2017. The distribution will be payable on November 15, 2017 to unitholders of record at the close of business on October 31, 2017.

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 than traditional 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/investor-relations/first-national-mortgage-investment-fund.

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 $100 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
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 $100 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.stoneco.com/allproducts/first-national-mortgage-investment-fund/.

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