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

Prime Dividend Corp.

November 19, 2008 09:00 ET

Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.07500 (6.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (4.00% as at November 14th) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Preferred share payment of 5.00% is the minimum payment as per the prospectus and the rate will not decline below this level. Distributions are payable December 10, 2008 to shareholders on record as of November 28, 2008.

Since inception Class A shareholders have received a total of $3.42 per share and Preferred shareholders have received a total of $1.93 per share inclusive of this distribution, for a combined total of $5.35 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): $0.07500

Preferred Share (PDV.PR.A) $0.04167

Ex-Dividend Date: November 26, 2008

Record Date: November 28, 2008

Payable Date: December 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