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

Prime Dividend Corp.

October 20, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Oct. 20, 2008) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.07850 (6.28% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (average of 4.28% as at October 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04192 (5.03% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable November 10, 2008 to shareholders on record as of October 31, 2008.

Since inception Class A shareholders have received a total of $3.34 per share and Preferred shareholders have received a total of $1.89 per share inclusive of this distribution, for a combined total of $5.23 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 BCE Inc.
Lifeco Inc.


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


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


National Bank Power Financial
of Canada Corp.


Royal Bank TSX Group Inc.
of 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): $0.07850

Preferred Share (PDV.PR.A) $0.04192

Ex-Dividend Date: October 29, 2008

Record Date: October 31, 2008

Payable Date: November 10, 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