Prime Dividend Corp.
TSX : PDV
TSX : PDV.PR.A

Prime Dividend Corp.

May 20, 2009 16:33 ET

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

TORONTO, ONTARIO--(Marketwire - May 20, 2009) - 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 (2.25% as at May 15, 2009) 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 (2.25% as at May 15th) plus 0.75% annually. An annual Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus and the rate will not decline below this level. Distributions are payable June 10, 2009 to shareholders on record as of May 29, 2009.

Since inception Class A shareholders have received a total of $3.48 per share and Preferred shareholders have received a total of $2.18 per share inclusive of this distribution, for a combined total of $5.66 per share.

Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:



Banks Investment Management Life Insurance Utilities & Other

Bank of AGF Management Ltd. Great-West BCE Inc.
Montreal Lifeco Inc.

The Bank of CI Financial Manulife
Nova Scotia Income Fund Financial Corp. TransAlta Corp

CIBC IGM Financial Inc. Sun Life TransCanada Corp
Financial Inc.

National Bank Power
of Canada Financial Corp.

Royal Bank
of Canada TSX Group Inc.

Toronto-Dominion
Bank

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: May 27, 2009

Record Date: May 29, 2009

Payable Date: June 10, 2009


Contact Information

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