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

Prime Dividend Corp.

April 18, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - April 18, 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 April 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 May 9, 2008 to shareholders on record as of April 30, 2008.

Since inception Class A shareholders have received a total of $2.84 per share and Preferred shareholders have received a total of $1.62 per share inclusive of this distribution, for a combined total of $4.46 per share.

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



Banks Investment Management Life Insurance Utilities & Other

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

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): $0.09063

Preferred Share (PDV.PR.A) $0.05000

Ex-Dividend Date: April 28, 2008

Record Date: April 30, 2008

Payable Date: May 9, 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