An anonymous director reports

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

Prime Dividend Corp. has declared its monthly distributions of 5.442 cents for each Class A share and 6.667 cents for each preferred share. Distributions are payable May 10, 2024, to shareholders on record as at April 30, 2024.

Under the distribution policy announced on July 17, 2014, the monthly distribution 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 April 30, 2024, will receive a distribution of 5.442 cents per share, based on the VWAP of $6.53, on May 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 $13.50 per share and preferred shareholders have received a total of $10.36 per share, inclusive of these distributions, for a combined total of $23.86.

Distribution details

Class A share:  5.442 cents

Preferred share:  6.667 cents

Record date:  April 30, 2024

Payable date:  May 10, 2024