Prime Dividend Corp.

TSX : PDV
TSX : PDV.PR.A


Prime Dividend Corp.

December 18, 2013 09:00 ET

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

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

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