GMP Capital Corp. announced today that the Ontario Superior Court of Justice has granted its final order approving the plan of arrangement under Section 192 of the Canada Business Corporations Act for the proposed conversion of GMP into GMP Capital Trust, an income trust.

The conversion remains subject to certain regulatory and other approvals.

Management anticipates that the conversion will be completed on or about December 1, 2005.

The units of GMP Capital Trust have been conditionally approved for trading on the Toronto Stock Exchange under the symbol GMP.UN.