IPD International Parkside Products Inc

Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate
debt group, Integrated Private Debt Corp. ("IPD") announced today the first
closing of their third senior secured private corporate debt fund, with total
commitments of $ 275 million. With this closing, IPD has assets under management
and committed capital in excess of $ 1 billion. 


Investors in the IPD private corporate debt funds are pension funds, large and
small, public and private; and life insurance companies. IPD invests in fixed
rate term loans to investment - grade mid-market companies to obtain a higher
rate of return than is available from public-market bonds.


John Robertson, President of IPD, said "Our third fund includes repeat investors
and first-time investors. Both groups were attracted to the combination of yield
enhancement, diversification and monthly income offered by the IPD
investment-grade private corporate debt funds. IPD continues to be the only
asset manager in Canada to provide this strategy to institutional investors. We
are very appreciative of the confidence and trust expressed by the institutional
investors which over the past 5 years have committed $ 1.3 billion to our
funds".


IPD provides funding from the $1.0 billion Integrated Private Debt Fund LPs on
behalf of a number of pension funds and other institutional investors. IPD
provides fixed rate, investment grade term loans to mid-market companies for
such purposes as refinancing existing debt, business expansion, project
financing and management buyouts.


IAM is one of Canada's leading alternative asset management companies, with
approximately $2.5 billion in assets and committed capital under management in
private corporate debt, real estate, managed futures, global bonds, private
equity and retail alternative investments.

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