Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
April 18 2012 - 8:00AM
Marketwired
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 April 13, 2012) 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 May 10, 2012 to
shareholders on record as of April 30, 2012.
Since inception Class A shareholders have received a total of
$5.67 per share and Preferred shareholders have received a total of
$3.64 per share inclusive of this distribution, for a combined
total of $9.31 per share.
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.
Bank of Nova Manulife Financial
Scotia CI 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: April 26, 2012
Record Date: April 30, 2012
Payable Date: May 10, 2012
Contacts: Prime Dividend Corp. Investor Relations 416-304-4443,
toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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