First National Mortgage Investment Fund announces January monthly distribution /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, Jan. 15, 2014 /CNW/ - 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, 2014. The distribution will be payable on February 14, 2014 to unitholders of record at the close of business on January 31, 2014. The Fund also announced that each 2013 distribution will be classified as a Return of Capital for tax purposes. 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/Investors/FN-Mortgage-Investment-Fund/ 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 $74 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/first-national/first-national-mortgage-investme nt-fund SOURCE First National Mortgage Investment Fund Robert Inglis Chief Financial Officer First National Financial Corporation Tel: 416-593-1100 Email:firstname.lastname@example.org Ernie Stapleton President Fundamental Creative Inc. Tel: 905-648-9354 Email:email@example.com To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/January2014/15/c8989.html CO: First National Mortgage Investment Fund ST: Ontario NI: REL DIV FND FLOWS -0- Jan/15/2014 22:00 GMT
First National Mortgage Investment Fund announces January monthly distribution
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