Prime Dividend Corp.: Regular Monthly Dividend Declaration
June 18 2008 - 9:01AM
Marketwired Canada
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 June 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
July 10, 2008 to shareholders on record as of June 30, 2008.
Since inception Class A shareholders have received a total of $3.01 per share
and Preferred shareholders have received a total of $1.71 per share inclusive of
this distribution, for a combined total of $4.72 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 Lifeco BCE Inc.
Montreal Inc.
The Bank of CI Financial Income Manulife Financial TransAlta Corp
Nova Scotia Fund Corp.
CIBC IGM Financial Inc. Sun Life Financial TransCanada Corp
Inc.
National Bank Power Financial
of Canada Corp.
Royal Bank of TSX Group Inc.
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: June 26, 2008
Record Date: June 30, 2008
Payable Date: July 10, 2008
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