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

Prime Dividend Corp.

January 18, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Jan. 18, 2008) - 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 8, 2008 to shareholders on record as of January 31, 2008.

Since inception Class A shareholders have received a total of $2.57 per share and Preferred shareholders have received a total of $1.46 per share inclusive of this distribution, for a combined total of $4.03 per share.

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 Ltd. Great-West Lifeco BCE Inc.
Inc.

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

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

National Bank of Power
Canada Financial
Corp.

Royal Bank of TSX Group
Canada Inc.

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, 2008

Record Date: January 31, 2008

Payable Date: February 8, 2008


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