Integrated Asset Management Corp.

Integrated Asset Management Corp.

December 21, 2006 16:00 ET

Integrated Asset Management Corp. Reports Results for Fiscal 2006 and Declaration of Regular Dividend

TORONTO, ONTARIO--(CCNMatthews - Dec. 21, 2006) - Integrated Asset Management Corp. ("IAM")(TSX VENTURE:IAM) today announced audited financial results for the fiscal year ended September 30, 2006 and that its Board of Directors has approved payment of the regular dividend on its outstanding common shares of $0.035 per share which will be payable on January 16, 2007 to shareholders of record on January 10, 2007:

Review of the Year Ended September 30, 2006
2006 2005
(thousands except (thousands except
HIGHLIGHTS per share amounts) per share amounts)
Assets and Committed Capital
Under Management ("AUM") $2,882,200 $2,872,500
Total Revenues $32,433 $37,889
Total Performance Fees Included
in Total Revenues $11,561 $18,324
Operating Income(a) $3,672 $8,608
Net Income $1,226 $3,672
Earnings Per Share $0.06 $0.17

(a) Operating Income is a non-GAAP earnings measure used by the

Total revenues declined from $37.9 million in fiscal 2005 to $32.4 million in fiscal 2006 as a result of lower performance fees realized during the year. Management fees, administration and redemption fees increased 8.8% to $20.0 million in fiscal 2006 from $18.3 million in the previous year due to deployment of AUM in the real estate management and private corporate debt operations.

Operating income decreased from $8.6 million in the prior year to $3.7 million in fiscal 2006 due to lower realized performance fees in fiscal 2006.

IAM earns performance fees when investment returns outperform a designated benchmark. These benchmarks are contract specific and only apply to certain investment products. Performance fees of the Asset Management operations are realized sporadically as they tend to be recognized generally towards the end of the life of the pool of assets being managed, which at times can be up to twelve years. Performance fees at the Hedge Funds operations are generally recognized on an annual basis or semi-annual basis.

For detailed financial statements for the year, including Management's Discussion and Analysis, please refer to IAM's website at or SEDAR at after January 26, 2007.

This press release may contain forward-looking statements with respect to IAM and its products and services, including its business operations and strategy and financial performance and condition. Although management believes that the expectations reflected in any such forward-looking statements are reasonable, such statements involve risks and uncertainties. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from expectations include, among other things, general economic and market factors, including interest rates, business competition, changes in government regulations or in tax laws, and other factors discussed in materials filed with applicable securities regulatory authorities from time to time.

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

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