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

Prime Dividend Corp.

August 20, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Aug. 20, 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 August 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 September 10, 2007 to shareholders on record as of August 31, 2007.

Since inception Class A shareholders have received a total of $2.05 per share and Preferred shareholders have received a total of $1.18 per share inclusive of this distribution, for a combined total of $3.23 per share.

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 Manulife TransAlta Corp
Nova Scotia Income Fund 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): $0.10313

Preferred Share (PDV.PR.A) $0.05833

Ex-Dividend Date: August 29, 2007

Record Date: August 31, 2007

Payable Date: September 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