Prime Dividend Corp.: Regular Monthly Dividend Declaration
March 19 2008 - 9:00AM
Marketwired
TORONTO, ONTARIO 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 March
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 April 10, 2008
to shareholders on record as of March 31, 2008.
Since inception Class A shareholders have received a total of
$2.75 per share and Preferred shareholders have received a total of
$1.57 per share inclusive of this distribution, for a combined
total of $4.32 per share.
Prime Dividend invests in a portfolio of high yielding Canadian
Companies as follows:
Banks Investment Management Life Insurance Utilities & Other
Bank of Great-West
Montreal AGF Management Ltd. Lifeco Inc. BCE Inc.
The Bank
of Nova CI Financial Manulife
Scotia Income Fund Financial Corp. TransAlta Corp
Sun Life
CIBC IGM Financial Inc. Financial Inc. TransCanada Corp
National
Bank of Royal Bank
Canada Power Financial Corp. of Canada TSX 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): $0.09063
Preferred Share (PDV.PR.A) $0.05000
Ex-Dividend Date: March 27, 2008
Record Date: March 31, 2008
Payable Date: April 10, 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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