By TSX SYMBOLS: PDV, PDV.PR.A
SUBJECT: DIV
PRIME DIVIDEND CORP. Regular Monthly Dividend Declaration for Class A and Preferred Share TORONTO, ONTARIO - January 18, 2013 / Marketwire: Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (3.00% as at January 15, 2013) 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 Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus. Distributions are payable February 8, 2013 to shareholders on record as of January 31, 2013.
Since inception Class A shareholders have received a total of $6.23 per share and Preferred shareholders have received a total of $4.01 per share inclusive of this distribution, for a combined total of $10.24 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Banks Bank of Montreal | Investment Management AGF Management Ltd. | Life Insurance Great-West Lifeco Inc. | Utilities & Other BCE Inc. |
Bank of Nova Scotia CIBC | CI Financial Corp. IGM Financial Inc. | Manulife Financial Corp. Sun Life Financial Inc. | TransAlta Corp TransCanada Corp |
National Bank of Canada | Power Financial Corp. | ||
Royal Bank of Canada | TMX 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) | $0.06250 |
Preferred Share (PDV.PR.A) | $0.04167 |
Ex-Dividend Date: | January 29, 2013 |
Record Date: | January 31, 2013 |
Payable Date: | February 8, 2013 |
For further information, please contact Investor Relations at 416-304-4443, toll free at 1-877-4-Quadra
(1-877-478-2372), or visit www.primedividend.com.
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