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 August 15, 2013) 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 September 10, 2013 to shareholders on record as of August 30, 2013.

Since inception Class A shareholders have received a total of $6.67 per share and Preferred shareholders have received a total of $4.31 per share inclusive of this distribution, for a combined total of $10.98 per unit.

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

Banks               Investment          Life Insurance     Utilities & Other
Bank of Montreal    Management          Great-West Lifeco  BCE Inc.         
Bank of Nova        AGF Management      Inc.               TransAlta Corp   
Scotia              Ltd.                Manulife           TransCanada Corp 
CIBC                CI Financial Corp.  Financial Corp.    Power Financial  
National Bank of    IGM Financial Inc.  Sun Life           Corp.            
Canada                                  Financial Inc.     TMX Group Inc.   
Royal Bank of                                                               
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:                   August 28, 2013                         
Record Date:                        August 30, 2013                         
Payable Date:                       September 10, 2013                      

Contacts: Investor Relations 416-304-4443 Toll free at 1-877-4-Quadra (1-877-478-2372) www.primedividend.com