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

Prime Dividend Corp.

July 18, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - July 18, 2007) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.10313 (8.25% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (6.25% as at July 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.05833 (7.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable August 10, 2007 to shareholders on record as of July 31, 2007.

Since inception Class A shareholders have received a total of $1.95 per share and Preferred shareholders have received a total of $1.12 per share inclusive of this distribution, for a combined total of $3.07 per share.

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



Investment Utilities &
Banks Management Life Insurance Other

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

Manulife
The Bank of CI Financial Financial TransAlta
Nova Scotia Income Fund Corp. Corp

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

Power
National Bank Financial
of Canada 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): $ 0.10313

Preferred Share (PDV.PR.A) $ 0.05833

Ex-Dividend Date: July 27, 2007

Record Date: July 31, 2007

Payable Date: August 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