Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $20 Million Financing for Equitable Group Inc.

TORONTO, ONTARIO -- (Marketwire) -- 12/21/10 -- Integrated Asset Management Corp. ("IAM") (TSX: IAM) and its private corporate debt group, Integrated Private Debt Corp. ("IPD") announced today the closing of a $20 million purchase of Series 9 Debentures from Equitable Group Inc. ("Equitable") (TSX: ETC).

The capital raised by Equitable qualifies as Regulatory Tier 2 Capital for its wholly-owned subsidiary, The Equitable Trust Company.

Equitable is a niche mortgage lender whose core business is first charge mortgage financing offered through The Equitable Trust Company. Founded in 1979, The Equitable Trust Company is a federally incorporated and regulated trust company that funds its business by attracting depositors as a regulated Canada Deposit Insurance Corporation ("CDIC") member.

John Robertson, President and COO of IAM and President and CEO of IPD, said "we are delighted to have been given this opportunity to assist Equitable fund the Tier 2 capital requirements of its subsidiary. Equitable is a very well managed company with an excellent track record of profitable and conservative lending in what has proven to be a most volatile financial environment."

IPD manages and provides funding from the $1.1 billion Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, plant expansion or modernization, project financing and management buyouts. IAM is one of Canada's leading alternative asset management companies, with approximately $2.3 billion in assets and committed capital under management in private corporate debt, real estate, managed futures, global bonds, private equity and retail alternative investments.

Contacts:
Integrated Asset Management Corp.
John F. K. Robertson
President and COO
416-367-2593
jrobertson@iamgroup.ca

Integrated Private Debt Corp.
B. Frank Duffy
Managing Director
416-367-9626
fduffy@iamgroup.ca
www.iamgroup.ca

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here