Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
May 21 2014 - 9:00AM
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 May 15,
2014) 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 June 10, 2014 to shareholders on record as
of May 30, 2014.
Since inception Class A shareholders have received a total of $7.23 per share
and Preferred shareholders have received a total of $4.68 per share inclusive of
this distribution, for a combined total of $11.91 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Insurance Utilities & Other
Management
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Bank of Nova Scotia Ltd. Inc. TransAlta Corp
CIBC CI Financial Manulife TransCanada Corp
National Bank of Corp. Financial Power Financial
Canada IGM Financial Corporation Corp.
Royal Bank of Inc. Sun Life TMX Group Inc.
Canada Financial Inc.
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) $0.06250
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: May 28, 2014
Record Date: May 30, 2014
Payable Date: June 10, 2014
FOR FURTHER INFORMATION PLEASE CONTACT:
Prime Dividend Corp.
Investor Relations
416-304-4443
Toll Free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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