An anonymous director reports

PRIME DIVIDEND CORP. MONTHLY DIVIDEND DECLARATION FOR PREFERRED SHARE

Prime Dividend Corp. has declared its monthly distribution of 6.667 cents for each preferred share. Distributions are payable Dec. 8, 2023, to shareholders on record as at Nov. 30, 2023.

There will not be a distribution paid to the Class A shares for Nov. 30, 2023, as per the prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.

Preferred shareholders receive prime plus 2.35 per cent with a minimum rate of 5.00 per cent and a maximum rate of 8.00 per cent.

Since inception Class A shareholders have received a total of $13.26 per share and preferred shareholders have received a total of $10.02 per share inclusive of this distribution, for a combined total of $23.28.

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