Prime Dividend Corp.

Prime Dividend Corp.

February 25, 2010 13:17 ET

Prime Dividend Corp.: Financial Results to November 30, 2009

TORONTO, ONTARIO--(Marketwire - Feb. 25, 2010) - Prime Dividend Corp. ("Prime Dividend") announces its annual financial results for the year ending November 30, 2009.

The year ending November 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the stocks in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of November. The net asset value as at November 30, 2009 ended $3.08 higher to $17.64 per unit over the prior year. The complete financial statements are available at or

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

Banks Investment Management Life Insurance Utilities & Other
Bank of Montreal AGF Management Ltd. Great-West Lifeco Inc. BCE Inc.
The Bank of Nova Scotia CI Financial Income Fund 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      TSX Group Inc.
Toronto-Dominion Bank      

 Selected Financial Information from the Statement of Financial  Operations:       
 For the year ending November 30, 2009      

  ($ Millions) 
Income 1.585
Expenses (0.450)
Net investment income 1.135
Realized option premiums and gain (loss) on sale of investments (2.639)
Change in unrealized appreciation of investments 8.939
Increase in net assets from operations before distributions 7.435

Comparative financial information is available in documents filed on

Contact Information

  • Prime Dividend Corp.
    Investor Relations
    416-304-4443 or 1-877-4-Quadra (1-877-478-2372)