TORONTO, ONTARIO--(Marketwired - Aug. 20, 2013) - 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 August 15, 2013) 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 September 10, 2013 to shareholders on record as of August 30, 2013.
Since inception Class A shareholders have received a total of $6.67 per share and Preferred shareholders have received a total of $4.31 per share inclusive of this distribution, for a combined total of $10.98 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
| Banks Bank of Montreal Bank of Nova Scotia CIBC National Bank of Canada Royal Bank of Canada Toronto-Dominion Bank |
Investment Management AGF Management Ltd. CI Financial Corp. IGM Financial Inc. |
Life Insurance Great-West Lifeco Inc. Manulife Financial Corp. Sun Life Financial Inc. |
Utilities & Other BCE Inc. TransAlta Corp TransCanada Corp Power Financial Corp. TMX Group Inc. |
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 28, 2013 |
| Record Date: | August 30, 2013 |
| Payable Date: | September 10, 2013 |
Contact Information:
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com