Prime Dividend Corp. Regular Monthly Dividend Declaration for Class A and Preferred Share
20 December 2011 - 10:01AM
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, 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 January 10, 2012 to shareholders on record
as of December 30, 2011.
Since inception Class A shareholders have received a total of $5.42 per share
and Preferred shareholders have received a total of $3.47 per share inclusive of
this distribution, for a combined total of $8.89 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Insurance Utilities & Other
Management
Bank of AGF Management Great-West Lifeco Inc. BCE Inc.
Montreal Ltd.
Bank of Nova CI Financial Manulife Financial Corp. TransAlta Corp
Scotia Corp.
CIBC IGM Financial Sun Life Financial Inc. TransCanada Corp
Inc.
National Bank Power Financial Corp.
of Canada
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: December 28, 2011
Record Date: December 30, 2011
Payable Date: January 10, 2012
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