First National Alarm Stock

First National AlarmCap Income Fund (the Fund) is an open-ended trust. The Fund was created to acquire substantially all of the assets and shares of Securex Master Limited Partnership (SMLP)and Microtec Enterprises Inc. (Microtec). Microtec and SMLP were acquired by AlarmCap LP. Through the Securex and Microtec Divisions, AlarmCap LP provides electronic security alarm monitoring and services for burglary, fire, emergencies, as well as energy management and other home automation services to residential and commercial subscribers. The subscriber network consists of approximately 92,300 subscribers. Revenues consist primarily of recurring payments under written contracts initially entered into for a long term with automatic yearly renewals after the initial term for the monitoring, maintenance and repair of security systems installed in client homes and businesses.