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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GPM Metals Inc | TSXV:GPM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.01 | 9.09% | 0.12 | 0.10 | 0.12 | 0.12 | 0.11 | 0.11 | 9,500 | 20:34:03 |
Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its real estate subsidiary, GPM Investment Management ("GPM"), announced today the launch of GPM (13), the 13th fund in its highly successful series of pooled real estate funds. Like the previous 12 funds in the series, GPM (13), will be focused primarily on light industrial properties in major Canadian urban markets, including greater Toronto, Vancouver, Edmonton, Calgary, Ottawa, Montreal and Halifax. First close is expected to be on June 30th, 2013. GPM has already received strong expressions of interest for GPM (13) from existing and prospective institutional investors. GPM's funds enjoy a high level of repeat investors. In addition, they have proven very popular with institutional investors making their first allocation to real estate. These investors are attracted by the long, successful track record and stable income generated by GPM. Over the last 30 years, the composite rate of return on the funds, net of all fees and expenses, and with minimal leverage was approximately 12.8% to the end of December, 2012. Rick Zagrodny, President of GPM, said, "With persistently low interest rates, strong demand for yield enhancement and more and more investors adopting liability-driven strategies, the stable, predictable income and lower volatility of our approach is very appealing to long-term investors. Further, investors with established real estate portfolios are attracted to the sector diversification offered by our focus on light industrial properties and our extensive experience in the sector." GPM is a wholly-owned subsidiary of IAM. IAM is one of Canada's leading alternative asset management companies, with approximately $1.9 billion in assets and committed capital under management in private corporate debt, real estate, private equity, managed futures and retail alternative investments. FOR FURTHER INFORMATION PLEASE CONTACT: Integrated Asset Management Corp. David G. Mather Executive Vice President 416.933.8274 dmather@iamgroup.ca www.iamgroup.ca GPM Investment Management Rick Zagrodny President 416.864.6516 rzagrodny@gpma.ca
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