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December 19, 2008 - GMP Capital Trust Declares December 2008 Distribution

Toronto, ON. (December 19, 2008) – GMP Capital Trust (the “Fund”) (TSX: GMP.UN) announced today a monthly cash distribution of $0.05 per Fund unit for the month of December 2008 to be paid on January 20, 2009, to unitholders of record as of December 31, 2008. A cash distribution of $0.05 per Fund unit for the month of December 2008 to be paid on January 20, 2009, was also declared to holders of the Class B limited partner units of Griffiths McBurney L.P.

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December 9, 2008 - GMP Capital Trust Increases Preferred Security Unit Offering

Toronto, ON (December 9, 2008) – GMP Capital Trust (TSX: GMP.UN) (“GMP”) today announced that in response to excess demand for its preferred security units it has received approval to privately place an additional 1,538,462 preferred security units (the “Units”) at $6.50 per Unit, for gross proceeds of $10 million (the “Offering”). When combined with Units announced on December 8, 2008, GMP and GMP Preferred L.P., a newly-formed indirect subsidiary of GMP, have agreed to issue Units with an aggregate value of $40 million. Each Unit will consist of one $6.50 par value 10% cumulative perpetual non-voting preferred limited partnership unit of GMP Preferred L.P. and one warrant to purchase one fund unit of GMP at an exercise price of $6.50 prior to the fifth anniversary of closing. The additional Units were placed with a number of institutional and other accredited investors.

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December 8, 2008 - GMP Capital Trust Stengthens Capital Position

Toronto, ON (December 8, 2008) – GMP Capital Trust (TSX: GMP.UN) (“GMP”) today announced that it has agreed to privately place up to 4,615,400 preferred security units (the “Units”) at $6.50 per Unit, for gross proceeds of up to $30 million (the “Offering”). Each Unit will consist of one $6.50 par value 10% cumulative perpetual non-voting preferred limited partnership unit of GMP Preferred L.P., a newly-formed indirect subsidiary of GMP, and one warrant to purchase one fund unit of GMP (the “Fund Units”) at an exercise price of $6.50. The preferred limited partnership units will be entitled to receive a 10% cumulative perpetual preferred distribution in cash when declared by the general partner of GMP Preferred L.P. The warrants will be exercisable at the holder’s option at any time and from time to time, in whole or in part, for five years.

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November 26, 2008 - GMP Capital Trust Normal Course Issuer Bid Approved By TSX

Toronto, ON. (November 26, 2008) – GMP Capital Trust (the “Fund”) (TSX: GMP.UN) announced today that a normal course issuer bid (“NCIB”) has been accepted by the Toronto Stock Exchange (“TSX”). The Fund intends to purchase for cancellation up to 4,482,792 Fund units, representing 10% of the public float of 44,827,922 Fund units on November 18, 2008, from time to time over the next 12 months. Purchases may commence on December 1, 2008 and will conclude on the earlier of the date on which purchases under the NCIB have been completed and November 30, 2009. The Fund had 46,804,510 Fund units and 17,255,124 Exchangeable L.P. units issued and outstanding as at November 18, 2008.

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November 19, 2008 - GMP Declares November Distribution; Announces Intention to Make Normal Course Issuer Bid

Toronto, ON. (November 19, 2008) – GMP Capital Trust (the “Fund”) (TSX: GMP.UN) announced today a monthly cash distribution of $0.05 per Fund unit for the month of November 2008 to be paid on December 19, 2008, to unitholders of record as of November 28, 2008. A cash distribution of $0.05 per Fund unit for the month of November 2008 to be paid on December 19, 2008, was also declared to holders of the Class B limited partner units of Griffiths McBurney L.P.

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November 6, 2008 - GMP Capital Trust Announces Q3/08 Results

Toronto, ON. (November 6, 2008) – GMP Capital Trust (the “Fund”) reported revenue of $74.8 million for the third quarter ended September 30, 2008, a decrease of 43% compared with the same period a year ago, largely reflecting the challenging business environment currently facing all financial services participants. The Fund recorded lower revenue in all of its business segments during third quarter 2008 compared with record revenue generation by the Fund in the same period a year ago. Net income was $6.9 million, down 82% compared with the same period in 2007.

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October 21, 2008 - GMP Capital Trust Reduces its October 2008 Distribution to $0.05

Toronto, ON. (October 21, 2008) – GMP Capital Trust (the “Fund”) announced today that, its Board of Trustees has approved a reduction to the Fund’s monthly cash distributions from $0.1042 per Fund unit to $0.05 per Fund unit ($0.60 per annum) commencing with the October 2008 distribution. “The severity of prevailing volatile market conditions is the worst seen in several decades in the Canadian capital markets and has been more prolonged than we and most industry participants have expected. As such, the distribution rate is being lowered to what we believe is a sustainable level over the medium-term in light of these challenging times”, said Kevin Sullivan, Chief Executive Officer.

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October 14, 2008 - GMP Capital Trust to Announce Q3/08 Results

TORONTO, ON. (October 14, 2008) – GMP Capital Trust (TSX: GMP.UN) plans to release its financial results for the three and nine months ended September 30, 2008, on Thursday, November 6, 2008, at approximately 6 a.m. (ET). A conference call with live audio webcast to discuss the firm’s third quarter results will also be held at 11:00 a.m. (ET). Kevin Sullivan, Chief Executive Officer, and Christine Drake, Chief Financial Officer, will host the call along with a question and answer session for analysts and institutional investors.

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September 22, 2008 - GMP Capital Trust Declares September 2008 Distribution of $0.1042

Toronto, ON. (September 22, 2008) – GMP Capital Trust (the “Fund”) announced today a monthly cash distribution of $0.1042 per unit for the month of September 2008 to be paid on October 20, 2008, to unitholders of record as of September 30, 2008. A cash distribution of $0.1042 per unit for the month of September 2008 to be paid on October 20, 2008, was also declared to holders of the Class B limited partner units of Griffiths McBurney L.P.

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August 20, 2008 - GMP Capital Trust Declares August 2008 Distribution of $0.1042

Toronto, ON. (August 20, 2008) – GMP Capital Trust (the “Fund”) announced today a monthly cash distribution of $0.1042 per unit for the month of August 2008 to be paid on September 19, 2008, to unitholders of record as of August 29, 2008. A cash distribution of $0.1042 per unit for the month of August 2008 to be paid on September 19, 2008, was also declared to holders of the Class B limited partner units of Griffiths McBurney L.P.

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