Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
21 January 2014 - 1:00AM
Marketwired
Prime Dividend Corp.: Regular Monthly Dividend Declaration for
Class A and Preferred Share
TORONTO, ONTARIO--(Marketwired - Jan 20, 2014) - 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 January 15, 2014) 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 February 10, 2014 to
shareholders on record as of January 31, 2014.
Since inception
Class A shareholders have received a total of $6.98 per share and
Preferred shareholders have received a total of $4.51 per share
inclusive of this distribution, for a combined total of $11.49 per
unit.
Prime Dividend
invests in a portfolio of high yielding Canadian Companies as
follows:
Banks |
Bank
of Montreal |
Bank
of Nova Scotia |
CIBC |
National Bank of Canada |
Royal Bank of Canada |
Toronto-Dominion Bank |
Investment Management |
AGF
Management Ltd. |
CI
Financial Corp. |
IGM
Financial Inc. |
Life
Insurance |
Great-West Lifeco Inc. |
Manulife Financial Corp. |
Sun
Life Financial Inc. |
Utilities & Other |
BCE
Inc. |
TransAlta Corp |
TransCanada Corp |
Power
Financial Corp. |
TMX
Group Inc. |
|
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: |
January 29, 2014 |
Record Date: |
January 31, 2014 |
Payable Date: |
February 10, 2014 |
Prime Dividend Corp.Investor Relations416-304-4443Toll Free:
1-877-4-Quadra (1-877-478-2372)www.primedividend.com
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