Prime Dividend Corp.: Regular Monthly Dividend Declaration
June 18 2008 - 9:00AM
Marketwired
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 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
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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