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PDV Prime Dividend Corp

6.38
0.00 (0.00%)
Last Updated: 20:51:34
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% 6.38 6.27 6.54 6.50 6.38 6.50 4,300 20:51:34

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

19/03/2014 1:00pm

Marketwired Canada


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 (3.00% as at March 15,
2014) 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. Distributions are payable April 10, 2014 to shareholders on record
as of March 31, 2014.


Since inception Class A shareholders have received a total of $7.10 per share
and Preferred shareholders have received a total of $4.60 per share inclusive of
this distribution, for a combined total of $11.70 per unit.


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




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



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:                             March 27, 2014
Record Date:                                  March 31, 2014
Payable Date:                                 April 10, 2014



FOR FURTHER INFORMATION PLEASE CONTACT: 
Prime Dividend Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com

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