GMP Private Client announces new charitable giving program

    Establishes relationship with Benefaction to enable clients to maximize
    the impact of their philanthropic donations

    TORONTO, April 20 /CNW/ - GMP Capital Trust ("GMP") (TSX: GMP.UN)
announced today that GMP Private Client L.P. ("GMP Private Client"), one of
its principal subsidiaries, established a partnership with Benefaction, a
charitable public foundation, which will provide its clients and investment
advisors with access to the most efficient, cost-effective strategies for
charitable giving today by enabling them to customize their financial
contributions to charitable organizations while minimizing their tax burden.
    "High-net-worth Canadians are becoming more philanthropic," says James
Werry, Chief Executive Officer, GMP Private Client. "While they're giving more
every year, they want to maximize the impact of their donations. Through our
partnership with Benefaction, we're offering our clients innovative,
cost-effective solutions to charitable giving, enabling them to integrate
philanthropy into their overall wealth management strategies."
    GMP Private Client's Charitable Giving Program provides clients with two
options for their philanthropic donations: Direct Giving and Donor Advised
Funds. Benefaction handles the administration of funds, fulfills the donor's
granting wishes and manages a process of due diligence for four Charity
    "Our foundation is honoured to partner with GMP Private Client," says
Benefaction Chief Executive Officer, Nicola Elkins. "Affluent Canadians want
to make a difference and create a meaningful legacy for future generations.
However, they're becoming far more discerning in assessing philanthropic value
for their hard-earned money. That's where Benefaction plays a key role - we
work with Canadians and their advisors to provide powerful, cost-effective
strategies for maximizing their charitable giving."


    GMP Capital Trust carries on business through the following principal
entities: GMP Securities L.P., Griffiths McBurney Corp., GMP Securities Europe
LLP, GMP Private Client L.P., EdgeStone Capital Partners, L.P. and GMP
Investment Management L.P. GMP Securities L.P. is a leading independent
Canadian investment dealer focused on investment banking and institutional
equities for corporate clients and institutional investors. GMP Securities
L.P. can be found on the web at Griffiths McBurney Corp.
services institutional clients in the United States while GMP Securities
Europe LLP provides investment banking and institutional equity services to
clients located in Europe. GMP Private Client L.P. is a full-service
investment firm focused on high-net-worth private investors that provides
wealth preservation, income and growth strategies delivered by seasoned
investment advisors. GMP Private Client L.P. can be found on the web at EdgeStone Capital Partners, L.P. is one of Canada's
leading private equity firms, providing capital, strategic direction and
business and financial advice to help promising mid-market and early stage
companies achieve their full potential. EdgeStone Capital Partners, L.P. can
be found on the web at GMP Investment Management L.P., through
its private funds, seeks to generate superior risk-adjusted investment returns
over the long term by executing selected investment strategies. GMP Investment
Management L.P.'s offerings are aimed at both high-net-worth individuals and
institutional investors. GMP Capital Trust is listed on the Toronto Stock
Exchange under the symbol GMP.UN and can be found on the web at GMP Capital Trust has offices in Toronto, Calgary,
Montreal, Vancouver and London, England.


    GMP Private Client L.P., a subsidiary of GMP Capital Trust (TSX: GMP.UN),
is a full-service investment firm that serves the needs of affluent Canadian
investors. GMP Private Client's mission is to be the premiere investment firm
in Canada by bringing together the top performing investment advisors in the
country. With one of the most advanced technology platforms in the industry,
combined with access to GMP Securities' expertise in institutional sales and
trading, research, economics and corporate finance, GMP Private Client is well
positioned to deliver superior investment management, experienced advisors,
independent advice and unparalleled client service. GMP Private Client L.P.
can be found on the web at


    The Benefaction Foundation supports, rewards and inspires philanthropic
investments in Canada. It is a not-for- profit organization that is national
in scope and focuses on helping clients utilize strategic gift planning to
minimize cost, complexity and tax burdens while maximizing a positive impact
on the world. Benefactions' dynamic leadership team works together to create
quality philanthropic alternatives that help high net worth investors and
advisors add charitable giving to the traditional scope of wealth management.
For more information, please visit

    Forward-Looking Statements

    This press release may contain "forward-looking statements" (as defined
under applicable securities laws) concerning anticipated future events,
results, circumstances, performance or expectations that are not historical
facts but instead represent our beliefs, expectations, estimates and
projections regarding future events, many of which, by their nature, are
inherently uncertain and beyond our control. These statements include, but are
not limited to, statements made with respect to management's beliefs, plans,
estimates, and intentions, and similar statements concerning anticipated
future events, results, circumstances, performance or expectations that are
not historical facts. Forward-looking statements generally can be identified
by the use of forward-looking terminology such as "outlook", "objective",
"may", "will", "expect", "intend", "estimate", "anticipate", "believe",
"should", "plans" or "continue", or similar expressions suggesting future
outcomes or events. Such forward-looking statements reflect management's
current beliefs and are based on information currently available to

For further information:

For further information: GMP Private Client, Michael Ricafort, Director,
Marketing & Planning, GMP Private Client L.P., 145 King Street West, Suite
300, Toronto, Ontario, M5H 1J8, Tel: (416) 943-6685,; Benefaction Foundation, Nicola Elkins, CEO,
Benefaction Foundation, 5000 Yonge Street, Suite 1901, Toronto, ON, M2N 7E9,
Tel: 1-866-514-2612,

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