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 & OtherBank 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. CanadaToronto-Dominion BankShares 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) $0.06250Preferred Share (PDV.PR.A) $0.04167Ex-Dividend Date: February 26, 2013Record Date: February 28, 2013Payable Date: March 8, 2013
Prime Dividend Corp.
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)