An anonymous director reports

PRIME DIVIDEND CORP. MONTHLY DIVIDEND DECLARATION FOR CLASS A & PREFERRED SHARE

Prime Dividend Corp. has declared monthly distributions of 6.2 cents per Class A share and 4.167 cents per preferred share. Distributions are payable on July 10, 2018, to shareholders of record as at June 29, 2018.

Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10-per-cent annualized rate on the volume-weighted average market price (VWAP) of the Class A shares over the last five trading days of the preceding month. As a result, Class A shareholders of record on June 29, 2018, will receive a dividend of 6.2 cents per share, based on the VWAP of $7.44, which is payable on July 10, 2018. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Preferred shareholders continue to receive prime plus 0.75 per cent with a minimum rate of 5 per cent.

Since inception, Class A shareholders have received a total of $10.13 per share and preferred shareholders have received a total of $6.72 per share, both inclusive of these distributions, for a combined total of $16.86.

The company invests in a portfolio of high-yielding Canadian companies as shown in the attached table.

Banks                      Investment management                Life insurance       Utilities and other
    
Bank of Montreal              AGF Management Ltd.        Great-West Lifeco Inc.                  BCE Inc.             
Bank of Nova Scotia            CI Financial Corp.      Manulife Financial Corp.           TransAlta Corp.       
CIBC                           IGM Financial Inc.       Sun Life Financial Inc.         TransCanada Corp.     
National Bank of Canada                                                             Power Financial Corp.
Royal Bank of Canada                                                                       TMX Group Inc.       
Toronto-Dominion Bank                                                                             

Distribution details

Class A share:  6.2 cents

Preferred share:  4.167 cents

Ex dividend date:  June 28, 2018

Record date:  June 29, 2018

Payable date:  July 10, 2018