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

Prime Dividend Corp.

December 18, 2006 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Dec. 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 December 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 January 10, 2007 to shareholders on record as of December 29, 2006.

Since inception Class A shareholders have received a total of $1.25 per share and Preferred shareholders have received a total of $0.72 per share inclusive of this distribution, for a combined total of $1.97.

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



Banks Investment Life Utilities
Management Insurance & Other

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

The Bank of CI Financial Inc. Manulife TransAlta Corp
Nova Scotia Financial 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): $0.10000

Preferred Share (PDV.PR.A) $0.05625

Ex-Dividend Date: December 27, 2006

Record Date: December 29, 2006

Payable Date: January 10, 2007

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