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Press release from Marketwire

Integrated Asset Management Corp. and GPM Investment Management Announce Close of GPM (12) Raising $ 174 Million

Tuesday, May 10, 2011

Integrated Asset Management Corp. and GPM Investment Management Announce Close of GPM (12) Raising $ 174 Million15:15 EDT Tuesday, May 10, 2011TORONTO, ONTARIO--(Marketwire - May 10, 2011) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate arm, GPM Investment Management ("GPM"), announced today the closing of GPM (12), the 12th fund in its highly successful series of pooled real estate funds, raising $ 174 million. Like the previous 11 funds in the series, GPM (12) is a closed-end, discretionary fund focusing on industrial properties in the GTA, Ottawa, Edmonton, Calgary, Vancouver, Montreal and Halifax markets. GPM (12) is the largest fund yet raised by GPM. As has become customary, investors were predominantly repeat investors, with approximately one quarter of the investors being new to the GPM series of funds. The GPM funds have proven very popular with institutional investors making their first allocation to real estate. They are attracted by the long, successful track record and the low volatility and stable income generated by GPM. Over the last 28 years, the composite rate of return on the funds, net of all fees and expenses, was approximately 12.3 % annually to the end of December 2010. Brent Chapman, President & CEO of GPM, said, "We are very pleased with the confidence our clients have expressed in us and look forward to continuing our well-established tradition of superior performance." GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading alternative asset management companies, with approximately $2.4 billion in assets and committed capital under management in private corporate debt, real estate, private equity, managed futures, global bonds and retail alternative investments.FOR FURTHER INFORMATION PLEASE CONTACT: David G. MatherIntegrated Asset Management Corp.Executive Vice president416.933.8274dmather@iamgroup.caORIntegrated Asset Management Corp.GPM Investment Management &70 University Avenue, Suite 1200Toronto, Ontario M5J 2M4www.iamgroup.caORBrent ChapmanGPM Investment ManagementPresident & CEO416.864.6514bchapman@gpma.ca