Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

December 18, 2007 08:00 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $17.0 Million Participation in Financing for Equitable Life Insurance Company of Canada

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2007) - Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announce a $17,000,000 participation in the total $27,000,000 Senior Subordinated Notes issued by Equitable Life Insurance Company of Canada ("Equitable Life") arranged and syndicated by Stonebridge Financial Corporation ("Stonebridge").

Founded in 1920 in Waterloo, Ontario, Equitable Life is Canada's largest federally regulated mutual life insurance company. As at December 31, 2006, total assets under administration exceeded $1.5 billion and the Company had more than $34 billion of business in force. As an independent, mutual life insurance company, Equitable Life has no shareholders. Policyholders who purchase participating life insurance policies are eligible to receive dividends supported by distributable earnings from all lines of business. Equitable Life offers its customers a wide selection of quality products including Individual Life and Health, Individual Savings and Retirement, Group Benefits, and Group Savings and Retirement Services.

Stonebridge Financial Corporation is a specialty financial services company, with a proven reputation and expertise in structuring financings for syndication in the institutional market.

Integrated Private Debt Corp. provides funding from and manages the $600 million Integrated Private Debt Fund LP on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, business expansion and project finance.

John Robertson, President of IPD, said "we are delighted to welcome Equitable Life as our client, and welcomed the opportunity to work with Stonebridge on this transaction".

IAM is Canada's leading alternative asset management company, with approximately $3 billion in assets and committed capital under management in private corporate debt, private equity, real estate, managed futures and retail alternative investments.

The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information