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

Prime Dividend Corp.

March 20, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - March 20, 2007) - 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 March 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 April 10, 2007 to shareholders on record as of March 30, 2007.

Since inception Class A shareholders have received a total of $1.55 per share and Preferred shareholders have received a total of $0.89 per share inclusive of this distribution, for a combined total of $2.44.

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



Investment Utilities &
Banks Management Life Insurance Other

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

The Bank of CI Financial Manulife TransAlta
Nova Scotia Inc. Financial Corp. Corp

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

National Bank Power Financial
of Canada Corp.

Royal Bank TSX Group Inc.
of 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: March 28, 2007

Record Date: March 30, 2007

Payable Date: April 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