Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
20 September 2010 - 11:00PM
Marketwired
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 September 15, 2010) 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 October 8, 2010 to
shareholders on record as of September 30, 2010.
Since inception Class A shareholders have received a total of
$4.48 per share and Preferred shareholders have received a total of
$2.85 per share inclusive of this distribution, for a combined
total of $7.33 per share.
Prime Dividend invests in a portfolio of high yielding Canadian
Companies as follows:
Investment
Banks Management Life Insurance Utilities & Other
Great-West Lifeco
Bank of Montreal AGF Management Ltd. Inc. BCE Inc.
Manulife Financial
Bank of Nova Scotia CI Financial Corp. Corp. TransAlta Corp
Sun Life Financial
CIBC IGM Financial Inc. Inc. TransCanada Corp
National Bank of Power Financial
Canada Corp.
Royal Bank of Canada TMX Group 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: September 28, 2010
Record Date: September 30, 2010
Payable Date: October 8, 2010
Contacts: Prime Dividend Corp. Investor Relations 416-304-4443
or Toll Free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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