Prime Dividend Corp.

Prime Dividend Corp.

February 22, 2007 14:27 ET

Prime Dividend Corp.: Financial Results to November 30, 2006

TORONTO, ONTARIO--(CCNMatthews - Feb. 22, 2007) - Prime Dividend Corp. ("Prime Dividend") announces its annual financial results for the year ending November 30, 2006.

Distributions to both Class A and Preferred shareholders were made at the Canadian prime rate plus formula for each class of shares. The Canadian Prime Rate increased by 1.25% during the year to 6% as at November 30, 2006, resulting in increased distributions for each class of share. Class A shares received distributions of $1.15 per share and Preferred shares received distributions of $0.67 per share during the period. The net asset value per unit (one Preferred Share and one Class A share) increased by $0.74 per unit to $24.64 (after all distributions paid) as at November 30, 2006.

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 Great-West Lifeco BCE Inc.
Ltd. Inc.

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

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

National Bank of Power Financial
Canada Corp.

Royal Bank of Canada TSX Group Inc.

Toronto-Dominion Bank

Selected Financial Information from the Semi-annual Statement of Financial
For the year ending November 30 ($ Millions)


Income 1.731

Expenses (0.813)

Net investment income 0.918

Realized option premiums and gain on sale of investments 1.254

Change in unrealized appreciation of investments 3.960

Increase in net assets from operations before distributions 6.132

Comparative financial information is available in documents filed on

Contact Information

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