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

Prime Dividend Corp.

November 20, 2006 09:01 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Nov. 20, 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 November 15th) 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 December 8, 2006 to shareholders on record as of November 30, 2006.

Since inception Class A shareholders have received a total of $1.15 per share and Preferred shareholders have received a total of $0.67 per share inclusive of this distribution, for a combined total of $1.82.

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



Banks Investment Life Insurance Utilities &
Management Other

Bank of Montreal AGF Management Great-West
Ltd. Lifeco Inc. BCE Inc.
The Bank of Nova CI Financial Manulife
Scotia Inc. Financial Corp. TransAlta Corp
CIBC IGM Financial Sun Life
Inc. Financial Inc. TransCanada Corp
National Bank of Power
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): $0.10000

Preferred Share (PDV.PR.A) $0.05625

Ex-Dividend Date: November 28, 2006

Record Date: November 30, 2006

Payable Date: December 8, 2006


Contact Information

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