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PDV Prime Dividend Corp

6.68
0.04 (0.60%)
06 Jun 2024 - Closed
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
  0.04 0.60% 6.68 6.68 6.87 6.73 6.68 6.69 2,510 20:52:58

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

18/09/2013 2:00pm

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 September
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 October 10, 2013 to shareholders on record
as of September 30, 2013.


Since inception Class A shareholders have received a total of $6.73 per share
and Preferred shareholders have received a total of $4.35 per share inclusive of
this distribution, for a combined total of $11.08 per unit.


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




                   Investment                                               
Banks              Management         Life Insurance     Utilities & Other  
                                      Great-West Lifeco                     
Bank of Montreal   AGF Management Ltd.Inc.               BCE Inc.           
                                      Manulife Financial                    
Bank of Nova ScotiaCI Financial Corp. Corp.              TransAlta Corp     
                                      Sun Life Financial                    
CIBC               IGM Financial Inc. Inc.               TransCanada Corp   
National Bank of                                         Power Financial    
Canada                                                   Corp.              
Royal Bank of                                                               
Canada                                                   TMX 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:                 September 26, 2013                        
Record Date:                      September 30, 2013                        
Payable Date:                     October 10, 2013                          



FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.primedividend.com

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