TORONTO, ONTARIO--(Marketwired - Dec. 18, 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 December 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 January 10, 2014 to shareholders on record as of December 31, 2013.
Since inception Class A shareholders have received a total of $6.92 per share and Preferred shareholders have received a total of $4.47 per share inclusive of this distribution, for a combined total of $11.39 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: | December 27, 2013 |
| Record Date: | December 31, 2013 |
| Payable Date: | January 10, 2014 |
Contact Information:
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com