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

Prime Dividend Corp.

March 19, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - March 19, 2008) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.09063 (7.25% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (5.25% as at March 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.05000 (6.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable April 10, 2008 to shareholders on record as of March 31, 2008.

Since inception Class A shareholders have received a total of $2.75 per share and Preferred shareholders have received a total of $1.57 per share inclusive of this distribution, for a combined total of $4.32 per share.

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



Banks Investment Management Life Insurance Utilities & Other

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

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

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

National
Bank of Royal Bank
Canada Power Financial Corp. 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): $0.09063

Preferred Share (PDV.PR.A) $0.05000

Ex-Dividend Date: March 27, 2008

Record Date: March 31, 2008

Payable Date: April 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