Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
December 18 2013 - 8:00AM
Marketwired Canada
Prime Dividend Corp. ("Prime Dividend") declares its regular monthly
distribution of $0.06250 (5.00% annualized) for each Class A share which
reflects the distribution policy of prime rate in Canada (3.00% as at December
15, 2013) plus 2% annually. Prime Dividend also declares its regular monthly
distribution of $0.04167 (5.00% annualized) for each Preferred share which
reflects the distribution policy of prime rate plus 0.75% annually. An annual
Class A and Preferred share payment of 5.00% is the minimum payment as per the
prospectus. Distributions are payable January 10, 2014 to shareholders on record
as of December 31, 2013.
Since inception Class A shareholders have received a total of $6.92 per share
and Preferred shareholders have received a total of $4.47 per share inclusive of
this distribution, for a combined total of $11.39 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks
Bank of Montreal
Bank of Nova Scotia
CIBC
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
Investment Management
AGF Management Ltd.
CI Financial Corp.
IGM Financial Inc.
Life Insurance
Great-West Lifeco Inc.
Manulife Financial Corp.
Sun Life Financial Inc.
Utilities & Other
BCE Inc.
TransAlta Corp
TransCanada Corp
Power Financial Corp.
TMX Group Inc.
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) $0.06250
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: December 27, 2013
Record Date: December 31, 2013
Payable Date: January 10, 2014
FOR FURTHER INFORMATION PLEASE CONTACT:
Prime Dividend Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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