Integrated Asset Management Corp. TSX: IAM

TORONTO, ONTARIO--(Marketwire - Aug. 28, 2008) - Integrated Asset Management Corp. (TSX:IAM) ("IAM") and its private corporate debt group, Integrated Private Debt Corp.("IPD") announced today the closing of a CAD $15 million participation in the USD $265 million / CAD $15 million Senior Notes for Pengrowth Energy Trust (TSX:PGF.UN)(NYSE:PGH) ("Pengrowth"). The Canadian dollar financing is a Series B 6.61% Senior Note with a 10 year term. Proceeds of the loan will be used to refinance the existing bank debt.

Pengrowth is one of the largest oil and gas income trusts in North America. The company's portfolio of assets is well diversified by geography, size, capital requirements, commodity type and extraction methods. Pengrowth has interests in 6 of the 9 largest oil in place reservoirs in western Canada.

John Robertson, President of IPD, said "we are pleased to expand our role in this sector and our relationship with HSBC Securities, Lehman Brothers and Pengrowth's Jim Kinnear, Chris Webster and Peter Cheung. We look forward to working with Pengrowth as they continue to grow".

IPD manages and provides funding from the $1.0 billion Integrated Private Debt Fund LPs on behalf of a number of pension funds and other institutional investors. IPD offers fixed rate, investment grade term loans to mid-market companies for such purposes as refinancing existing debt, plant expansion or modernization, project financing and management buyouts.

IAM is Canada's leading alternative asset management company, with approximately $3.5 billion in assets and committed capital under management in private debt, private equity, managed futures, real estate and retail alternative investments.