Prime Dividend Corp.: Regular Monthly Dividend Declaration
August 20 2008 - 9:00AM
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 August
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 September 10, 2008 to shareholders on record as of
August 29, 2008.
Since inception Class A shareholders have received a total of $3.18 per share
and Preferred shareholders have received a total of $1.80 per share inclusive of
this distribution, for a combined total of $4.98 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Investment
Banks Management Life Insurance Utilities & Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Ltd. Inc.
The Bank of Nova CI Financial Manulife Financial TransAlta Corp
Scotia Income Fund Corp.
CIBC IGM Financial Sun Life Financial TransCanada Corp
Inc. Inc.
National Bank of Power Financial
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: August 27, 2008
Record Date: August 29, 2008
Payable Date: September 10, 2008
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