Prime Dividend Corp.: Regular Monthly Dividend Declaration

TORONTO, ONTARIO 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

Contacts: Prime Dividend Corp. Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.primedividend.com

Prime Dividend (TSX:PDV)
Historical Stock Chart
From Jun 2024 to Jul 2024