21:00:56 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Integrated Asset Management Corp
Symbol IAM
Shares Issued 28,162,627
Close 2017-11-15 C$ 1.42
Market Cap C$ 39,990,930
Recent Sedar Documents

Integrated Asset to pay quarterly dividend Dec. 20

2017-11-16 16:13 ET - News Release

Mr. John Robertson reports

On Nov. 16, 2017, the board of directors of Integrated Asset Management Corp. approved payment of a quarterly dividend on its outstanding shares of two cents per common share, which will be paid on Dec. 20, 2017, to shareholders of record on Nov. 30, 2017.

As previously announced, the board of directors of the corporation has approved a change in dividend payment practice from annual to quarterly. The intention of the corporation going forward is to distribute a two-cent quarterly dividend to reflect the higher level of recurring management fees. The declaration and payment of future dividends are subject to approval by the corporation's board of directors. There can be no assurance that the corporation's board of directors will declare future dividends.

John Robertson, president and chief executive officer, said, "We are pleased that our company's improved prospects for profitability have allowed us to increase our expected dividend by 33 per cent to eight cents annually, paid quarterly."

Integrated Asset Management 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 and private debt as of Nov. 16, 2017.

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