July 18, 2012 09:00 ET
TORONTO, ONTARIO--(Marketwire - July 18, 2012) - 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 (3.00% as at July 13, 2012) 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. Distributions are payable August 10, 2012 to shareholders on record as of July 31, 2012.
Since inception Class A shareholders have received a total of $5.86 per share and Preferred shareholders have received a total of $3.76 per share inclusive of this distribution, for a combined total of $9.62 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Prime Dividend Corp.Investor Relations416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)www.primedividend.com
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