Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
June 19 2013 - 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 June 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 July 10, 2013 to
shareholders on record as of June 28, 2013.
Since inception Class A shareholders have received a total of
$6.54 per share and Preferred shareholders have received a total of
$4.22 per share inclusive of this distribution, for a combined
total of $10.76 per unit.
Prime Dividend invests in a portfolio of high yielding Canadian
Companies as follows:
Banks Investment Life Insurance Utilities & Other
Management
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Bank of Nova Ltd. Inc. TransAlta Corp
Scotia CI Financial Corp. Manulife TransCanada Corp
CIBC IGM Financial Inc. Financial Corp. Power Financial
National Bank of Sun Life Corp.
Canada Financial Inc. TMX Group Inc.
Royal Bank of
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: June 26, 2013
Record Date: June 28, 2013
Payable Date: July 10, 2013
Contacts: Prime Dividend Corp. Investor Relations 416-304-4443
or toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com
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