TORONTO, March 16, 2020 /CNW/ - First National Financial
Corporation (TSX: FN) today announced its monthly dividend
payment of $0.1625 per common share
for the period March 1 to March 31,
2020. The dividend will be payable on April 15, 2020 to shareholders of record at the
close of business on March 31,
2020.
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 March 1 to March 31,
2020. The dividend of $0.174375
per Series 1 Preference Share and dividend of $0.231988 per Series 2 Preference Share will be
payable on April 15, 2020 to holders
of record at the close of business on March
31, 2020.
With respect to the Class A Series 2 Preference Shares, the
dividend rate for the period April 1 to June
30, 2020 has been set at 3.708%, as determined in accordance
with the terms of the Series 2 Preference Shares.
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 $111 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.
SOURCE First National Financial Corporation