Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
18 September 2013 - 3:00PM
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 September 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 October 10, 2013
to shareholders on record as of September 30, 2013.
Since inception Class A shareholders have received a total of
$6.73 per share and Preferred shareholders have received a total of
$4.35 per share inclusive of this distribution, for a combined
total of $11.08 per unit.
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.
Manulife Financial
Bank of Nova ScotiaCI 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: September 26, 2013
Record Date: September 30, 2013
Payable Date: October 10, 2013
Contacts: Investor Relations 416-304-4443 Toll free at
1-877-4-Quadra (1-877-478-2372) www.primedividend.com
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