Mr. John Robertson reports

INTEGRATED ASSET MANAGEMENT CORP. ANNOUNCES RESULTS FOR FISCAL 2017

Integrated Asset Management Corp. has released its financial results for the fiscal year ended Sept. 30, 2017. Net income was $1.8-million or six cents per share in the current year versus net income of $100,000 or nil per share in the prior year.

                                      HIGHLIGHTS      
                  
                                      Three months ended Sept. 30,     Year ended Sept. 30,
                                               2017           2016        2017         2016 

Invested capital                         $1,854,300     $1,592,100  $1,854,300   $1,592,100
Committed capital to be invested            619,200        964,600     619,200      964,600
Total assets and committed capital
Under management (AUM)                    2,473,500      2,556,700   2,473,500    2,556,700
Revenues before the undernoted                3,263          3,851      14,216       11,904
Performance fees                                  -              -           -            -
Investment (loss)                               (21)          (438)       (559)        (532)
Total revenues                                3,242          3,413      13,657       11,372
Net performance fees (1)                          -              -           -            -
Adjusted EBITDA (loss), from
continuing operations (1)                        75            269       1,856         (221)
Net income (loss) from
continuing operations                           136             40       1,174         (366)
Gain from sale of discontinued
operations, net of income taxes                   -              -         699          401
Net income (loss) from
discontinued operations, net
of income taxes                                   -           (122)        (69)         104
Net income (loss) attributed to
common shareholders of the
corporation                                     133            (87)      1,808          119
Earnings per share
Continuing operations (loss)                   0.00           0.01        0.04        (0.02)
Discontinued operations (loss)                    -          (0.01)       0.02         0.02
Total (loss)                                   0.00          (0.01)       0.06         0.00

(1) Net performance fees and adjusted earnings before interest, taxes, 
depreciation, and amortization, stock-based compensation are non-international
financial reporting standards earnings measures used by the company.                                                                                                                                                      

In aggregate, assets under management were approximately $2.5-billion as at Sept. 30, 2017, down approximately $83-million from the prior year-end. AUM in IAM Private Debt decreased approximately $153-million in fiscal 2017. During the year IAM Private Debt deployed invested capital of approximately $355-million increasing future management fees, as fees are earned on assets deployed. The decrease in IAM Private Debt's total AUM was the result of distributions to investors of routine principal repayments received on loans in pre-existing private debt funds and early prepayment on a loan. AUM in IAM Real Estate increased approximately $70-million in fiscal 2017; the net increase primarily represents the raising of approximately $41-million in the open fund during 2017.

Adjusted EBITDA increased $2.1-million from a loss of $200,000 in fiscal 2016 to $1.9-million in fiscal 2017. A significant portion of this increase resulted from higher management, acquisition and commitment fees.

John Robertson, chief executive officer, said: "We are very pleased with the results for 2017 and they are in line with the expectations for the year. As we have said in the past, we receive management fees on invested capital not committed capital. Primarily as a result of significant deployment in the Private Debt Group, revenues rose by $2.3-million, a 20-per-cent increase; while expenses remained relatively flat. This resulted in an increase in adjusted EBITDA for the year of $2.1-million over 2016 adjusted EBITDA. With over $600-million in committed capital remaining to be deployed and relatively flat expenses anticipated, we expect similar progress to be achieved in fiscal 2018. In addition, the open ended real estate fund, IAM Real Property Fund began accepting quarterly subscriptions as of March 31, 2017, and to date has raised $41-million with further subscriptions in the process of being finalized. The Debt Group is in the market raising a higher yield fund and is also preparing to launch their sixth corporate debt fund in fiscal 2018. These initiatives should maintain the committed but uninvested capital at a level in excess of $500-million.

"With the improvement in earnings and the positive outlook for the future, the intention is to distribute a two-cent quarterly dividend. This represents a 33-per-cent increase in the annual dividend. The first quarterly dividend will be paid Dec. 20, 2017."

For detailed financial statements for the year, including management's discussion and analysis and the corporation's annual information form, please refer to the company's website or SEDAR after Dec. 8, 2017.

About Integrated Asset Management Corp.

Integrated Asset is one of Canada's leading alternative asset management companies with approximately $2.5-billion in assets and committed capital under management in real estate, private debt and infrastructure debt as of Dec. 5, 2017.

We seek Safe Harbor.