First National Mortgage Investment Fund (the Fund) is a Canada-based non-redeemable investment fund. The investment objectives of the Fund are to provide holders of the units (Unitholders) with tax-advantaged monthly cash distributions and preserve capital. Its FN Mortgage Investment Trust (the Mortgage Trust) invests in short term mortgages (12-36 months) primarily on multi-unit residential and commercial mortgages across Canada originated by First National Financial LP (the Mortgage Investment Advisor). Mortgages are secured primarily by income producing real property, such as land, rights or interest in land, and any buildings, structures, improvements and fixtures (Real Property) where the principal and interest can be serviced from cash flow generated by the underlying Real Property. Stone Asset Management Limited acts as the manager, as well as portfolio manager of the Fund.