GMP Capital Trust announced today that Griffiths McBurney LP has received subscriptions from institutional investors in Canada for $60 million in aggregate principal amount of senior unsecured notes.

The net proceeds of the private placement will be used by the fund group to repay existing indebtedness and for general corporate purposes.

The notes will be issued in series. Series A Notes will bear interest at a rate of 5.76% per year and mature on Nov. 1, 2011, while Series B Notes will bear interest at a rate of 5.95% per year and mature on Nov. 1, 2013.

The notes will be prepayable, at any time in whole or in part, at the option of the Issuer, subject to customary prepayment provisions. At any time when the Griffiths McBurney is not in default, the Griffiths McBurney will be entitled to purchase notes at any price in the market by tender or by private contract. The Griffiths McBurney will be required to offer to purchase the notes upon the occurrence of a change of control transaction.

TD Securities Inc. and GMP Securities L.P. acted as placement agents, on Griffiths McBurney’s behalf, in connection with the private placement of the notes.

The private placement is expected to close on or about November 1, 2006.