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 (3.00% as at December
15, 2011) 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 January 10, 2012 to shareholders on record
as of December 30, 2011.


Since inception Class A shareholders have received a total of $5.42 per share
and Preferred shareholders have received a total of $3.47 per share inclusive of
this distribution, for a combined total of $8.89 per share.


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




Banks          Investment     Life Insurance           Utilities & Other    
               Management                                                   
                                                                            
Bank of        AGF Management Great-West Lifeco Inc.   BCE Inc.             
Montreal       Ltd.                                                         
                                                                            
Bank of Nova   CI Financial   Manulife Financial Corp. TransAlta Corp       
Scotia         Corp.                                                        
                                                                            
CIBC           IGM Financial  Sun Life Financial Inc.  TransCanada Corp     
               Inc.                                                         
                                                                            
National Bank                                          Power Financial Corp.
of Canada                                                                   
                                                                            
Royal Bank of                                          TMX 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 28, 2011                          
Record Date:                     December 30, 2011                          
Payable Date:                    January 10, 2012