Prime Dividend Corp
SymbolPDV
Shares Issued1,777,690
Close 2009-10-16C$ 7.25
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Prime Dividend to pay six cent October distribution

2009-10-20 10:03 ET - News Release

Prime Dividend Corp. declares its regular monthly distribution of six cents (five per cent annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (2.25 per cent as at Oct. 15, 2009,) plus 2 per cent annually. Prime Dividend also declares its regular monthly distribution of four cents (five per cent annualized) for each preferred share which reflects the distribution policy of prime rate plus 0.75 per cent annually. An annual Class A and Preferred share payment of five per cent is the minimum payment as per the prospectus and the rate will not decline below this level. Distributions are payable Nov. 10, 2009, to shareholders on record as of Oct. 30, 2009.

Since inception Class A shareholders have received a total of $3.79 per share and preferred shareholders have received a total of $2.39 per share inclusive of this distribution, for a combined total of $6.18 per share. 

Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:

Investment                Utilities &
Banks                      Management       Life Insurance          Other

                          AGF Management    Great-West Lifeco
Bank of Montreal               Ltd.               Inc.             BCE Inc.
                           CI Financial         Manulife
The Bank of Nova Scotia    Income Fund      Financial Corp.     TransAlta Corp
                           IGM Financial        Sun Life        TransCanada
CIBC                            Inc.          Financial Inc.       Corp
                                                                Power Financial
National Bank of Canada                                          Corp.
Royal Bank of Canada                                             TSX Group Inc.
Toronto-Dominion Bank

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