May 8, 2009 - GMP Capital Trust Announces Q1/09 Results

Toronto, ON. (May 8, 2009) – GMP Capital Trust (“GMP”) (TSX: GMP.UN) today reported revenue of $67.4 million in first quarter 2009, a decrease of 28% compared with first quarter 2008. However, this reflects an increase of 99% compared with fourth quarter 2008. GMP generated net income of $7.1 million in first quarter 2009, a decrease of 66% compared with first quarter 2008, with an annualized return on unitholders’ equity (“ROE”) of 13.4% for the quarter. Distributable cash was $12.9 million ($0.21 per basic unit) in first quarter 2009, down from $26.2 million ($0.41 per basic unit) in the same period last year.


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