15, 2016 /CNW/ - First National Mortgage Investment Fund ( FNM-UN.TO ) (the "Fund") today announced its monthly cash distribution of $0.05 per unit for the period December 1 to December 31, 2016 . The https://www.cuinsight.com/get-piece-loan-pie-2017.html distribution will be payable on January 16, 2017 to unitholders of record at the close of business on December 30, 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 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 over $98 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.
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