Toronto, ON (May 15, 2009) – GMP Capital Inc. (“GMP” or the “Corporation”) is pleased to announce the completion of the previously announced plan of arrangement resulting in the successful conversion of GMP Capital Trust (the “Fund”) from an income trust to a corporate entity.
Toronto, ON (May 13, 2009) – GMP Capital Trust (TSX: GMP.UN) (“Fund”) is pleased to announce today that the Ontario Superior Court of Justice has granted its final order approving the plan of arrangement under Section 182 of the Business Corporations Act (Ontario) for the proposed conversion of the Fund into GMP Capital Inc., a corporate entity.
Toronto, ON (May 8, 2009) – GMP Capital Trust (TSX: GMP.UN) (“Fund”) is pleased to announce that its unitholders overwhelmingly approved the plan of arrangement to convert the Fund into GMP Capital Inc., a corporation, at today’s annual and special meeting. Unitholders also approved the creation of a new common share option plan as well as the optional exchange of Fund options outlined in our Management Information Circular.
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.
Toronto, Ontario (May 4, 2009) – GMP Private Client L.P. (“GMP Private Client”), a subsidiary of GMP Capital Trust (TSX: GMP.UN) is proud to have scored first in this year’s Investment Executive (“IE”) Brokerage Report Card.