Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
20 February 2014 - 7:49AM
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 February
14, 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 March 10, 2014 to shareholders on record
as of February 28, 2014.
Since inception Class A shareholders have received a total of $7.04 per share
and Preferred shareholders have received a total of $4.56 per share inclusive of
this distribution, for a combined total of $11.60 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Banks Investment Life Utilities
Management Insurance & Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Ltd. Inc.
Bank of Nova CI Financial Manulife TransAlta Corp
Scotia Corp. Financial Corp.
CIBC IGM Financial Sun Life TransCanada Corp
Inc. Financial 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: February 26, 2014
Record Date: February 28, 2014
Payable Date: March 10, 2014
FOR FURTHER INFORMATION PLEASE CONTACT:
Prime Dividend Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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