Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
20 August 2013 - 11:00PM
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 August 15,
2013) 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 September 10, 2013 to shareholders on
record as of August 30, 2013.
Since inception Class A shareholders have received a total of $6.67 per share
and Preferred shareholders have received a total of $4.31 per share inclusive of
this distribution, for a combined total of $10.98 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Insurance Utilities & Other
Bank of Montreal Management Great-West Lifeco BCE Inc.
Bank of Nova AGF Management Inc. TransAlta Corp
Scotia Ltd. Manulife TransCanada Corp
CIBC CI Financial Corp. Financial Corp. Power Financial
National Bank of IGM Financial Inc. Sun Life Corp.
Canada Financial Inc. TMX Group Inc.
Royal Bank of
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: August 28, 2013
Record Date: August 30, 2013
Payable Date: September 10, 2013
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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