Integrated Asset Management Corp.

Integrated Asset Management Corp.

October 14, 2009 09:11 ET

Integrated Asset Management Corp. Announces $25 Million in Financing For Two Private Companies

TORONTO, ONTARIO--(Marketwire - Oct. 14, 2009) - Integrated Asset Management Corp. (TSX:IAM)("IAM") and its private corporate debt group, Integrated Private Debt Corp. ("IPD") announced today the closing of two long term debt financings for an aggregate amount of C$25 million.

One of the financings, in the amount of C$15 million, is infrastructure related for an Ontario based company. The second financing, in the amount of C$10 million, is for a Manitoba based company operating in the agriculture industry. This marks IPD's first investment in the Province of Manitoba.

John Robertson, President of IPD, said "We are particularly pleased to be investing in both the agriculture and infrastructure sectors through these companies with strong and sustainable business fundamentals. These loans further improve the diversification of our loan portfolio. With the completion of these financings, the $425 million Integrated Private Debt Fund II is 75% invested, and so IPD is now accepting subscriptions for Integrated Private Debt Fund III, with closing expected in Q1 of 2010.

IPD manages and provides funding from the $1.0 billion Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, plant expansion or modernization, project financing and management buyouts.

IAM is Canada's leading alternative asset management company, with approximately $2.1 billion in assets and committed capital under management in private debt, private equity, managed futures, real estate and retail alternative investments.

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