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

Prime Dividend Corp.

August 19, 2009 09:00 ET

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

TORONTO, ONTARIO--(Marketwire - Aug. 19, 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 August 14, 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 September 10, 2009 to shareholders on record as of August 31, 2009.

Since inception Class A shareholders have received a total of $3.67 per share and Preferred shareholders have received a total of $2.31 per share inclusive of this distribution, for a combined total of $5.98 per share.



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

Investment Life Utilities
Banks 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 Inc. Sun Life Financial Inc. TransCanada
Corp

National Bank Power
of Canada Financial
Corp.

Royal Bank TSX Group
of 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) $0.06250

Preferred Share (PDV.PR.A) $0.04167

Ex-Dividend Date: August 27, 2009

Record Date: August 31, 2009

Payable Date: September 10, 2009


Contact Information

  • Prime Dividend Corp.
    Investor Relations
    416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
    www.primedividend.com