March 19, 2014 09:00 ET
TORONTO, ONTARIO--(Marketwired - March 19, 2014) - 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 March 15, 2014) 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 April 10, 2014 to shareholders on record as of March 31, 2014.
Since inception Class A shareholders have received a total of $7.10 per share and Preferred shareholders have received a total of $4.60 per share inclusive of this distribution, for a combined total of $11.70 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.
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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