Integrated Asset Management Corp.

Integrated Asset Management Corp.

September 01, 2005 10:13 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $28.5 Million Financing for Provincial Airlines Limited

TORONTO, ONTARIO--(CCNMatthews - Sept. 1, 2005) - Integrated Asset Management Corp. (TSX VENTURE:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp. ("IPD") announced today the funding of a senior secured loan of $28.5 million to Provincial Airlines Limited ("PAL") of St. John's, Newfoundland and Labrador.

Founded in 1972, PAL is the largest independent air services company in Atlantic Canada providing full-time aerial surveillance for Fisheries and Oceans, Canada over Canada's Atlantic and Pacific coasts. Additionally, PAL operates regional scheduled and contract passenger and cargo service, international charter airline services, aircraft modification and maintenance services, fixed base operations and aviation fuel dealerships.

IPD is pleased to expand its ten year relationship with PAL. The loan, which has a five year term, and a ten year amortization will be used to renew existing debt and expand and modernize PAL's fleet of surveillance aircraft.

IPD provides fixed rate term loans to mid-market companies for such purposes as refinancing existing debt, business expansion and project finance. It also manages, and provides funding from the $600 million Integrated Private Debt Fund LP.

IAM is Canada's leading alternative asset manager, with over $2.8 billion in assets and commitments under management in private debt, private equity, managed futures, real estate and hedge funds.

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

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