PDV Prime Dividend Corp

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 May 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
June 10, 2008 to shareholders on record as of May 30, 2008.


Since inception Class A shareholders have received a total of $2.93 per share
and Preferred shareholders have received a total of $1.66 per share inclusive of
this distribution, for a combined total of $4.59 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
 of Canada                                                  Financial Corp.

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):                  $0.08438
Preferred Share (PDV.PR.A)            $0.04583
Ex-Dividend Date:                     May 28, 2008
Record Date:                          May 30, 2008
Payable Date:                         June 10, 2008

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