Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
June 18 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 June 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 July 10, 2014 to shareholders on record as
of June 30, 2014.
Since inception Class A shareholders have received a total of $7.29 per share
and Preferred shareholders have received a total of $4.72 per share inclusive of
this distribution, for a combined total of $12.01 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Management
Bank of Montreal AGF Management Ltd.
Bank of Nova Scotia CI Financial Corp.
CIBC IGM Financial Inc.
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
Life Insurance Utilities & Other
Great-West Lifeco Inc. BCE Inc.
Manulife Financial Corporation TransAlta Corp
Sun Life Financial Inc. TransCanada Corp
Power Financial Corp.
TMX Group Inc.
Distribution Details:
Class A Share (PDV) $0.06250
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: June 26, 2014
Record Date: June 30, 2014
Payable Date: July 10, 2014
FOR FURTHER INFORMATION PLEASE CONTACT:
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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