Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
18 September 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 September
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 October 10, 2013 to shareholders on record
as of September 30, 2013.
Since inception Class A shareholders have received a total of $6.73 per share
and Preferred shareholders have received a total of $4.35 per share inclusive of
this distribution, for a combined total of $11.08 per unit.
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 ScotiaCI 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 26, 2013
Record Date: September 30, 2013
Payable Date: October 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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