Integrated Asset Management Corp. Announces Purchase of Remaining 25% Shareholding of GPM Expected to Close Shortly

Integrated Asset Management Corp. ("IAM") (TSX: IAM) is pleased to announce that its purchase of the remaining 25% shareholding of GPM which it does not already own is expected to close shortly.

GPM is the real estate asset management division of IAM and has a very successful 26 year history of investing commitments from institutional clients in real estate properties. IAM acquired a 75% shareholding of GPM in 1998 and Tony Pacaud, GPM's co-founder, retained his 25% ownership interest. When Mr. Pacaud retired as Chairman of GPM, IAM was then able to purchase his ownership interest.

The consideration for the purchase of the 25% shareholding of GPM is cash in the order of $5 million, subject to the finalization of certain matters, including closing adjustments. This purchase price does not include Mr. Pacaud's 25% interest in GPM's future performance fees from a number of specific investment pools being managed by GPM. Mr. Pacaud will receive his proportionate share of future performance fees, net of certain associated costs, when those investment pools are monetized and performance fees are realized.

IAM is Canada's leading alternative asset management company with approximately $3.5 billion in assets and committed capital under management in real estate, private corporate debt, private equity, managed futures and retail alternative investments.