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

Prime Dividend Corp.

November 20, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Nov. 20, 2007) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.10313 (8.25% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (6.25% as at November 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.05833 (7.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable December 10, 2007 to shareholders on record as of November 30, 2007.

Since inception Class A shareholders have received a total of $2.37 per share and Preferred shareholders have received a total of $1.35 per share inclusive of this distribution, for a combined total of $3.72 per share.

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



Banks Investment Life Utilities
Management Insurance & Other

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

The Bank of CI Financial Manulife TransAlta
Nova Scotia Income Fund Financial Corp. Corp

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

National Bank Power
of 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): $0.10313

Preferred Share (PDV.PR.A) $0.05833

Ex-Dividend Date: November 28, 2007

Record Date: November 30, 2007

Payable Date: December 10, 2007

Contact Information

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