Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share

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 (2.25% as at October
15, 2009) 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 and the rate will not decline below this level. Distributions are
payable November 10, 2009 to shareholders on record as of October 30, 2009. 


Since inception Class A shareholders have received a total of $3.79 per share
and Preferred shareholders have received a total of $2.39 per share inclusive of
this distribution, for a combined total of $6.18 per share.


Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:




                            Investment                         Utilities &  
        Banks               Management       Life Insurance      Other      
                                                                            
                          AGF Management    Great-West Lifeco               
   Bank of Montreal            Ltd.               Inc.          BCE Inc.    
                           CI Financial         Manulife                    
The Bank of Nova Scotia    Income Fund      Financial Corp.  TransAlta Corp 
                           IGM Financial        Sun Life       TransCanada  
         CIBC                  Inc.          Financial Inc.       Corp      
                                                             Power Financial
National Bank of Canada                                          Corp.      
 Royal Bank of Canada                                        TSX 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:                                 October 28, 2009  
 Record Date:                                      October 30, 2009  
 Payable Date:                                     November 10, 2009