Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
20 October 2011 - 12:03AM
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 October 15, 2011) 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 November 10, 2011
to shareholders on record as of October 31, 2011.
Since inception Class A shareholders have received a total of
$5.29 per share and Preferred shareholders have received a total of
$3.39 per share inclusive of this distribution, for a combined
total of $8.68 per share.
Prime Dividend invests in a portfolio of high yielding Canadian
Companies as follows:
Banks Investment Life Insurance Utilities &
Management Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Ltd. Inc.
Bank of Nova Scotia CI Financial Corp. Manulife Financial TransAlta Corp
Corp.
CIBC IGM Financial Inc. Sun Life Financial TransCanada Corp
Inc.
National Bank of Power Financial
Canada Corp.
Royal Bank of TMX Group Inc.
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) $0.06250
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: October 27, 2011
Record Date: October 31, 2011
Payable Date: November 10, 2011
Contacts: Investor Relations 416-304-4443, Toll free at
1-877-4-Quadra (1-877-478-2372)www.primedividend.com
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