The board of directors of Integrated Asset Management Corp. has approved the payment of a regular dividend on its outstanding common shares.

IAM says the regular annual dividend has been initially fixed at 5¢ per common share and will be payable on a semi-annual Basis (2.5¢ per share).

The first dividend payment of 2.5¢ per will be paid on June 30, to shareholders of record on June 16, 2005.

“Since IAM was founded in 1998, we have grown steadily. We are very pleased to have reached the point at which the quality and stability of our earnings are sufficient to support a regular dividend. This is due to both the expanding interest by investors in alternative assets and our ability to deliver superior investment results for our clients”, says Victor Koloshuk, chairman and CEO of IAM.

The IAM board has also accepted with regret the resignation of Paul Starita as a director of IAM. Starita was a founding director.

“We are very grateful for the guidance and wisdom that Paul provided to us from the beginning, and wish him every success in the future,” says Koloshuk.

IAM was founded seven years ago with four employees. Today it has 278 employees with $ 2.8 billion of assets under management and commitments.