Prime Dividend Corp.: Regular Monthly Dividend Declaration
October 20 2008 - 9:00AM
Marketwired
Prime Dividend Corp. ("Prime Dividend") declares its regular
monthly distribution of $0.07850 (6.28% annualized) for each Class
A share which reflects the distribution policy of prime rate in
Canada (average of 4.28% as at October 15th) plus 2% annually.
Prime Dividend also declares its regular monthly distribution of
$0.04192 (5.03% annualized) for each Preferred share which reflects
the distribution policy of prime rate plus 0.75% annually.
Distributions are payable November 10, 2008 to shareholders on
record as of October 31, 2008.
Since inception Class A shareholders have received a total of
$3.34 per share and Preferred shareholders have received a total of
$1.89 per share inclusive of this distribution, for a combined
total of $5.23 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): $0.07850
Preferred Share (PDV.PR.A) $0.04192
Ex-Dividend Date: October 29, 2008
Record Date: October 31, 2008
Payable Date: November 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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