Prime Dividend Corp. Monthly Dividend Declaration for Preferred Share

Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06500 for each Preferred share. Distributions are payable November 10, 2022 to shareholders on record as at October 31, 2022.

There will not be a distribution paid to the Class A Shares for October 31, 2022 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%.

Since inception Class A shareholders have received a total of $12.86 per share and Preferred shareholders have received a total of $9.16 per share inclusive of this distribution, for a combined total of $22.02.

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
Preferred Share (PDV.PR.A)	$0.06500
Record Date:	October 31, 2022
Payable Date:	November 10, 2022

 

Investor Relations: 1-877-478-2372

Local: 416-304-4443

www.primedividend.com

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