Prime Dividend Corp.
TSX : PDV
TSX : PDV.PR.A

Prime Dividend Corp.

January 18, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Jan. 18, 2007) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.10000 (8.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (6.00% as at January 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.05625 (6.75% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable February 9, 2007 to shareholders on record as of January 31, 2007.

Since inception Class A shareholders have received a total of $1.35 per share and Preferred shareholders have received a total of $0.78 per share inclusive of this distribution, for a combined total of $2.13.

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



Banks Investment Life Insurance Utilities &
Management Other

Bank of Montreal AGF Management Great-West BCE Inc.
Ltd. Lifeco Inc.

The Bank of Nova CI Financial Manulife TransAlta Corp
Scotia Inc. Financial Corp.

CIBC IGM Financial Sun Life TransCanada Corp
Inc. Financial Inc.

National Bank of Power
Canada Financial Corp.

Royal Bank of TSX Group Inc.
Canada

Toronto-Dominion
Bank


Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.



Distribution Details:

Class A Share (PDV): $0.10000

Preferred Share (PDV.PR.A) $0.05625

Ex-Dividend Date: January 29, 2007

Record Date: January 31, 2007

Payable Date: February 9, 2007


Contact Information

  • Prime Dividend Corp.
    Investor Relations
    (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
    Website: www.quadravest.com