Integrated Asset Management Corp.

Integrated Asset Management Corp.

November 07, 2006 08:00 ET

Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $ 50 Million Financing for Contrans Income Fund

TORONTO, ONTARIO--(CCNMatthews - Nov. 7, 2006) - Integrated Asset Management Corp. (TSX VENTURE:IAM)("IAM") and its private corporate debt group, Integrated Private Debt Corp. ("IPD") announced today the closing of a $ 50 million financing for Contrans Income Fund (TSX:CSS.UN) ("Contrans"). The financing is a senior secured note with a 10 year term and monthly payments of interest only. Proceeds of the loan will be used to finance growth opportunities, including the acquisition of Tripar Transportation, a provider of shipping services between Canada and the Northeast United States.

Contrans has been providing freight transportation services since 1985. With over 1,600 power units and 2,500 trailers under management, Contrans is one of the largest freight transportation companies in Canada.

John Robertson, President of IPD, said "This loan broadens our existing strong relationship with Contrans and illustrates our ability to structure financings to meet the unique needs of business trusts."

IPD 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. Fixed-rate term loans of up to $ 100 million are provided to mid-market companies for such purposes as refinancing existing debt, business expansion and project finance. Loan origination, underwriting, structuring, management and administration are provided by IPD.

IAM is Canada's leading alternative asset management company, with approximately $3 billion in assets and committed capital 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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