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PDV Prime Dividend Corp

6.54
0.00 (0.00%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Prime Dividend Corp TSX:PDV Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.54 6.37 6.54 0 14:30:06

PRIME DIVIDEND CORP. Monthly Dividend Declaration for Preferred Share

20/03/2023 10:52pm

GlobeNewswire Inc.


Prime Dividend (TSX:PDV)
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From May 2022 to May 2024

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Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share. Distributions are payable April 10, 2023 to shareholders on record as at March 31, 2023

There will not be a distribution paid to the Class A Shares for March 31, 2023 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00.

Preferred shareholders receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.

Since inception Class A shareholders have received a total of $13.07 per share and Preferred shareholders have received a total of $9.49 per share inclusive of this distribution, for a combined total of $22.56.

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

BanksInvestment ManagementLife Insurance Utilities & Other
Bank of MontrealAGF Management Ltd.Great-West Lifeco Inc. BCE Inc.
Bank of Nova ScotiaCI Financial Corp.Manulife Financial CorporationTransAlta Corp.
CIBCIGM 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 
  
Preferred Share (PDV.PR.A)$0.06667
Record Date:March 31, 2023
Payable Date:April 10, 2023

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

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