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

Prime Dividend Corp.

June 18, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - June 18, 2008) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.08438 (6.75% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (4.75% as at June 15th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04583 (5.50% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. Distributions are payable July 10, 2008 to shareholders on record as of June 30, 2008.

Since inception Class A shareholders have received a total of $3.01 per share and Preferred shareholders have received a total of $1.71 per share inclusive of this distribution, for a combined total of $4.72 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 Lifeco BCE Inc.
Montreal Inc.

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

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

National Bank Power Financial
of Canada Corp.

Royal Bank of TSX Group Inc.
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): $0.08438

Preferred Share (PDV.PR.A) $0.04583

Ex-Dividend Date: June 26, 2008

Record Date: June 30, 2008

Payable Date: July 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