Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06850 for each Class A share and $0.04167 for each Preferred share. Distributions are payable November 10, 2021 to shareholders on record as at October 29, 2021.

Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on October 29, 2021 will receive a dividend of $0.06850 per share based on the VWAP of $8.22 payable on November 10, 2021. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $12.05 per share and Preferred shareholders have received a total of $8.56 per share inclusive of this distribution, for a combined total of $20.61. 

The Company invests in a portfolio of high yielding Canadian Companies as follows:

Banks     Investment Management     Life Insurance     Utilities & Other
Bank of Montreal     AGF Management Ltd.     Great-West Lifeco Inc.     BCE Inc.
Bank of Nova Scotia     CI Financial Corp.     Manulife Financial Corporation     TransAlta Corp.
CIBC     IGM Financial Inc.     Sun Life Financial Inc.     TC Energy Corp.
National Bank of Canada                 Power Financial Corp.
Royal Bank of Canada                 TMX Group Inc.
Toronto-Dominion Bank                  

Distribution Details

Class A Share (PDV) $0.06850
Preferred Share (PDV.PR.A) $0.04167
Record Date: October 29, 2021
Payable Date: November 10, 2021

Investor Relations:1-877-478-2372Local: 416-304-4443www.primedividend.cominfo@quadravest.com

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