TORONTO, ONTARIO -- (Marketwire) -- 02/19/13 -- 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 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 March 8, 2013 to shareholders on record as of February 28, 2013.
Since inception Class A shareholders have received a total of $6.29 per share and Preferred shareholders have received a total of $4.06 per share inclusive of this distribution, for a combined total of $10.35 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 Ltd. Great-West Lifeco BCE Inc.
Inc.
Bank of Nova CI Financial Corp. Manulife Financial TransAlta Corp
Scotia Corp.
CIBC IGM Financial Inc. Sun Life Financial TransCanada Corp
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, 2013
Record Date: February 28, 2013
Payable Date: March 8, 2013
Contacts:
Prime Dividend Corp.
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
