Prime Dividend Corp.: Regular Monthly Dividend Declaration
September 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 September
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 October 10, 2008 to shareholders on record as of
September 30, 2008.
Since inception Class A shareholders have received a total of $3.26 per share
and Preferred shareholders have received a total of $1.85 per share inclusive of
this distribution, for a combined total of $5.11 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Utilities
Management Insurance & Other
Bank of Montreal AGF Management Ltd. Great-West BCE Inc.
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 Financial
of Canada 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: September 26, 2008
Record Date: September 30, 2008
Payable Date: October 10, 2008
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