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

Prime Dividend Corp.

October 18, 2006 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Oct. 18, 2006) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.10000 (8.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (6.00% as at October 13th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.05625 (6.75% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable November 10, 2006 to shareholders on record as of October 31, 2006.

Since inception Class A shareholders have received a total of $1.05 per share and Preferred shareholders have received a total of $0.61 per share inclusive of this distribution, for a combined total of $1.66.

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 Inc. Manulife TransAlta Corp
Nova Scotia

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

National Bank Power Financial
of Canada Corp.

Royal Bank of TSX Group Inc.
Canada

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): $0.10000

Preferred Share (PDV.PR.A) $0.05625

Ex-Dividend Date: October 27, 2006

Record Date: October 31, 2006

Payable Date: November 10, 2006



Contact Information

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