GMP Capital Trust today released its financial results for the three-month period ended March 31.

Revenue reached a new quarterly record of $114.7 million, growing 18.4% over the $96.9 million in the same period last year.

The record revenue reflects ongoing achievements in all three business segments.

Capital Markets generated record quarterly revenue of $98.4 million, which included record performance in sales and trading activity and a one-time gain recorded in principal activities this quarter of $12.8 million ($11.6 million after tax).

Wealth Management, which continued its growth in the number of Investment Advisory teams and assets under administration, achieved record commission and fee-based revenues in the quarter and reported $10.9 million in revenue this quarter, up 61% over the same period last year.

Private Capital Management generated $6.1 million in revenue primarily through fund management fees.

GMP Capital’s net income for the first quarter was a record $44.5 million, or 71¢ per basic unit, compared with $38.6 million, or 67¢ per basic unit a year ago.

GMP Capital generated an annualized return on unitholders’ equity (ROE) of 64.1% for the quarter, compared with 81.4% a year ago, reflecting a 46.2% increase in average unitholders’ equity to $277.5 million during this same period.

Distributable cash for the quarter was $49.9 million, or 80¢ per basic unit, compared with $39.2 million, or 68¢ per basic unit in the year ago period.

“The results of this first quarter demonstrate GMP’s pragmatic and focused effort to further the growth initiatives we undertook in 2006,” said Kevin Sullivan, CEO. “From the introduction of new insurance product solutions through GMP Private Client, to the emerging contributions of the GMP Europe team to our results, the first quarter of 2007 has seen us leverage our relationships and continue to build our business. We continued to make progress in all of our business segments with the objective of creating consistently strong performance, and delivering solid results for our unitholders.”