Prime Dividend Corp.: Regular Monthly Dividend Declaration

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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