The shareholders of First National Financial Corp. have agreed to the terms of a plan of arrangement resulting in the acquisition by private equity funds managed by Birch Hill Equity Partners Management Inc. and Brookfield Asset Management. Each share of First National Financial will receive a $48 cash consideration. First National Financial shares will be removed from the S&P/TSX Canadian Dividend Aristocrats Index prior to the open of trading on Thursday, Oct. 23, 2025.