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

Prime Dividend Corp.

December 18, 2007 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Dec. 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 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, 2008 to shareholders on record as of December 31, 2007.

Since inception Class A shareholders have received a total of $2.46 per share and Preferred shareholders have received a total of $1.41 per share inclusive of this distribution, for a combined total of $3.87 per share.

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



Investment Utilities &
Banks Management Life Insurance Other

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

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

CIBC IGM Financial Inc. Sun Life TransCanada
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: December 27, 2007

Record Date: December 31, 2007

Payable Date: January 10, 2008


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