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

Prime Dividend Corp.

June 18, 2009 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share

TORONTO, ONTARIO--(Marketwire - June 18, 2009) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (2.25% as at June 15, 2009) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus and the rate will not decline below this level. Distributions are payable July 10, 2009 to shareholders on record as of June 30, 2009.

Since inception Class A shareholders have received a total of $3.54 per share and Preferred shareholders have received a total of $2.22 per share inclusive of this distribution, for a combined total of $5.76 per share.

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 CI Financial Manulife Financial
Scotia Income Fund Corp. TransAlta Corp

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

National
Bank of Power Financial
Canada Corp.

Royal Bank
of Canada TSX Group 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) $0.06250

Preferred Share (PDV.PR.A) $0.04167

Ex-Dividend Date: June 26, 2009

Record Date: June 30, 2009

Payable Date: July 10, 2009


Contact Information

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