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 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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