Market Overview

Integrated Asset Management Corp. Announces Results for Fiscal 2017

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TORONTO, Dec. 06, 2017 (GLOBE NEWSWIRE) -- Integrated Asset Management Corp. ("IAM") (TSX:IAM) today announced its financial results for the fiscal year ended September 30, 2017. Net income was $1.8 million or $0.06 per share in the current year versus net income of $0.1 million or $0.00 per share in the prior year.                           

         
  Review of the Quarter Review of the Year
         

HIGHLIGHTS
3 Months Ended
September 30, 2017
(thousands except
per share amounts)
3 Months Ended
September 30, 2016
(thousands except
per share amounts)
Year Ended
September 30, 2017
(thousands except
per share amounts)
Year Ended
September 30, 2016
(thousands except
per share amounts)
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, 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 attributed to common shareholders of the Corporation $ 133   $ (87 ) $ 1,808   $ 119  
Earnings per share        
Continuing operations $ 0.00   $ 0.01   $ 0.04   $ (0.02 )
Discontinued operations $ -   $ (0.01 ) $ 0.02   $ 0.02  
Total $ 0.00   $ (0.01 ) $ 0.06   $ 0.00  
                         
(1) Net Performance Fees and Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization, stock-based compensation ("Adjusted EBITDA") are non-IFRS earnings measures used by IAM.
                         

In aggregate, AUM was approximately $2.5 billion as at September 30, 2017 down approximately $83 million from the prior year end. AUM in IAM Private Debt decreased approximately $153 million in fiscal 2017. During

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