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

Prime Dividend Corp.

April 18, 2007 09:01 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - April 18, 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 April 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 May 10, 2007 to shareholders on record as of April 30, 2007.

Since inception Class A shareholders have received a total of $1.65 per share and Preferred shareholders have received a total of $0.95 per share inclusive of this distribution, for a combined total of $2.60.



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

Investment Life Utilities
Banks 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 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: April 26, 2007

Record Date: April 30, 2007

Payable Date: May 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.primedividend.com