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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