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 April 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 May 9, 2008 to shareholders on record as of April 30, 2008.

Since inception Class A shareholders have received a total of $2.84 per share and Preferred shareholders have received a total of $1.62 per share inclusive of this distribution, for a combined total of $4.46 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       BCE Inc.
 Montreal                             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 Corp.
 of Canada

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):                $0.09063

Preferred Share (PDV.PR.A)          $0.05000

Ex-Dividend Date:                   April 28, 2008

Record Date:                        April 30, 2008

Payable Date:                       May 9, 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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