First National AlarmCap Income Fund
TSX : FNA.UN

First National AlarmCap Income Fund

March 18, 2011 16:02 ET

First National AlarmCap Income Fund Announces Extension of Maturity Date of Bank Credit Agreement

EDMONTON, ALBERTA--(Marketwire - March 18, 2011) - First National AlarmCap Income Fund (TSX:FNA.UN) (the "Fund") is pleased to announce that it has extended the maturity date of its Bank Credit Agreement, effective from March 13, 2011 to September 30, 2011. In conjunction with the extension, the Fund utilized a portion of its cash on hand to pay down the term loan from $41.25 million to $35 million. This six month extension will allow the Fund to review its options with regards to converting to a corporation and other strategic alternatives to maximize unitholder value.

The Fund is an unincorporated, open-ended, limited purpose trust and its Class A trust units are listed on the Toronto Stock Exchange. It is one of the leading Canadian-owned security alarm service providers in Canada, serving more than 77,000 residential and commercial customers. It offers customers a full suite of security and related monitoring products and services, including intrusion, smoke detection, and environmental services. Monitoring services are provided 24 hours per day, 365 days per year from our state-of-the-art monitoring centres. Information about First National AlarmCap Income Fund can be found at www.sedar.com or at www.alarmcap.ca.

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