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.
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.