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 December
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 January 8, 2010 to shareholders on record as of December 31, 2009.   


Since inception Class A shareholders have received a total of $3.92 per share
and Preferred shareholders have received a total of $2.47 per share inclusive of
this distribution, for a combined total of $6.39 per share.


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




                       Investment                                          
        Banks          Management       Life Insurance    Utilities & Other 

  Bank of Montreal AGF Management Ltd. Great-West Lifeco      BCE Inc.      
                                               Inc.       
  The Bank of Nova CI Financial Income Manulife Financial  TransAlta Corp   
      Scotia              Fund               Corp.         
        CIBC       IGM Financial Inc.  Sun Life Financial  TransCanada Corp 
                                              Inc.         
  National Bank of                                         Power Financial  
      Canada                                                    Corp.       
    Royal Bank of                                          TSX Group Inc.   
       Canada                                              
  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:                                 December 29, 2009 
                                                                    
Record Date:                                      December 31, 2009 
                                                                    
Payable Date:                                     January 8, 2010