Integrated Asset Management Corp.

Integrated Asset Management Corp.

September 28, 2010 17:20 ET

Integrated Asset Management Corp. Announces Reinstatement of Regular Dividend

Toronto, Ontario--(Marketwire - Sept. 28, 2010) - Integrated Asset Management Corp. ("Iam" or the "Corporation") (Tsx:Iam) Today Announced That Its Board of Directors has Approved the Reinstatement of a Regular Cash Dividend on the Corporation's Outstanding Common Shares.

The amount of the regular dividend has been initially fixed at $0.04 per common share to be payable on an annual basis. In that regard, the Board of Directors has today declared a dividend on the Corporation's outstanding common shares of $0.04 per share which will be payable on October 22, 2010 to shareholders of record on October 8, 2010.

In May 2009, the Corporation suspended the payment of a dividend which would otherwise have been paid in June 2009. At that time, IAM considered that the Corporation's earnings outlook was constrained given the decline in assets under management (AUM) in Retail Alternative Investments and the major upheaval in all markets in late 2008 resulting from the collapse of many major banks and insurers. In addition, IAM also considered that the economic uncertainties at that time might have presented attractive acquisition and merger opportunities that might require cash investment by the Corporation. Today the Corporation has cash readily available for acquisitions and has no debt.

Victor Koloshuk, Chairman and Chief Executive Officer of IAM, said "While Retail Alternative Investments still face challenges in building AUM back to the levels of 2007 and 2008, we are making progress in both our retail and institutional businesses. This year, our real estate asset management and private corporate debt asset management businesses are well positioned to grow further. Also this year, we acquired the Northern Rivers group of funds to add to our retail product offerings and in September 2010 we announced the launch of River Plate House Capital Management Inc., our global government bond long/short investment strategies asset management company".

IAM is one of Canada's leading alternative asset management companies, with approximately $2.2 billion in assets and capital under management in private corporate debt, real estate, private equity, managed futures, global bonds and retail alternative investments.                                                                                                       

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