Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
March 19 2014 - 8:00AM
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 March 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 April 10, 2014 to shareholders on record
as of March 31, 2014.
Since inception Class A shareholders have received a total of $7.10 per share
and Preferred shareholders have received a total of $4.60 per share inclusive of
this distribution, for a combined total of $11.70 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
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: March 27, 2014
Record Date: March 31, 2014
Payable Date: April 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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