Integrated Asset Management Corp.
TSX : IAM

Integrated Asset Management Corp.

May 13, 2008 08:46 ET

Integrated Asset Management Corp. Announces Results for the Second Quarter of Fiscal 2008 and Declares Dividend

TORONTO, ONTARIO--(Marketwire - May 13, 2008) - Integrated Asset Management Corp. ("IAM") (TSX:IAM) today announced unaudited financial results for the quarter ended March 31, 2008 and that its Board of Directors has approved payment of the regular dividend on its outstanding common shares of $0.04 per common share which will be payable on June 25, 2008 to shareholders of record on June 19, 2008.



Review of the 3-Month Period Ended

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March 31, 2008 March 31, 2007
(thousands except (thousands except
HIGHLIGHTS per share amounts) per share amounts)
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Assets and Committed Capital
Under Management ("AUM") $3,409,000 $2,951,000
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Revenues before Performance
Fees $6,482 $5,121
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Performance Fees $nil $nil
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Total Revenues $6,482 $5,121
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EBITDA (i) $1,105 $473
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Income (loss) before income taxes
and non-controlling interest $458 $(193)
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Net income (loss) and
comprehensive income $66 $(43)
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Earnings Per Share $0.00 $0.00
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(i) Earnings before interest, taxes, depreciation and amortization
("EBITDA") is a non-GAAP earnings measure used by IAM.


AUM increased $430 million during the six months ended March 31, 2008 from $2,979 million as at September 30, 2007 as a result of two new funds launched by the Corporation during the quarter ended March 31, 2008; a private corporate debt fund and a real estate fund.

Total revenues in the three months ended March 31, 2008 were $6.5 million compared to $5.1 million in the quarter ended March 31, 2007 reflecting the continued deployment of commitments by the Corporation in the real estate and corporate debt operations. There were no performance fees realized in the current quarter or the prior year's comparable quarter.

EBITDA for the three months ended March 31, 2008 increased to $1.1 million from $0.5 million in the prior year's comparable quarter due to the continued deployment of commitments by the Corporation in the real estate and corporate debt operations.

Net income and comprehensive income was $0.1 million or $0.00 per share in the current quarter versus almost break even or $0.00 per share in the prior year's comparable quarter.

For detailed financial statements for the year, including Management's Discussion and Analysis, please refer to IAM's website at www.iamgroup.ca or SEDAR at www.sedar.com after May 13, 2008.

IAM is Canada's leading alternative asset management company with approximately $3.4 billion in assets and committed capital under management in real estate, private corporate debt, private equity, managed futures and retail alternative investments.

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

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