Prime Dividend Corp. Regular Monthly Dividend Declaration
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TORONTO, ONTARIO -- (MARKET WIRE) -- 07/18/08 -- 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 July 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 August 8, 2008 to shareholders on record as of July 31, 2008.
Since inception Class A shareholders have received a total of $3.10 per share and Preferred shareholders have received a total of $1.75 per share inclusive of this distribution, for a combined total of $4.85 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 TransAlta Corp
Nova Scotia Fund Financial Corp.
CIBC IGM Financial Inc. Sun Life TransCanada Corp
Financial 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: July 29, 2008 Record Date: July 31, 2008 Payable Date: August 8, 2008
Contacts: Prime Dividend Corp. Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.primedividend.com
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