An anonymous director reports

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

Prime Dividend Corp. has declared its monthly distribution of 5.375 cents for each Class A share and 6.667 cents for each preferred share. Distributions are payable April 10, 2024, to shareholders on record as at March 28, 2024.

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 March 28, 2024, will receive a dividend of 5.375 cents per share based on the VWAP of $6.45 payable on April 10, 2024. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Preferred shareholders will receive prime plus 2.35 per cent with a minimum rate of 5 per cent and a maximum rate of 8 per cent.

Since inception, Class A shareholders have received a total of $13.45 per share and preferred shareholders have received a total of $10.29 per share, inclusive of this distribution, for a combined total of $23.74.

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

Distribution details

Class A share (PDV):  5.375 cents

Preferred share (PDV.PR.A):  6.667 cents

Record date:  March 28, 2024

Payable date:  April 10, 2024