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PDV Prime Dividend Corp

6.35
-0.04 (-0.63%)
14 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 -0.63% 6.35 6.07 6.60 6.40 6.35 6.40 5,163 21:00:00

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

20/11/2013 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 November
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 December 10, 2013 to shareholders on
record as of November 29, 2013. 


Since inception Class A shareholders have received a total of $6.86 per share
and Preferred shareholders have received a total of $4.43 per share inclusive of
this distribution, for a combined total of $11.29 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 Financial  TransCanada Corp.
CIBC               CI Financial Corp.   Corp.              Power Financial  
National Bank of   IGM Financial Inc.  Sun Life Financial   Corp.           
 Canada                                 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:                     November 27, 2013                     
Record Date:                          November 29, 2013                     
Payable Date:                         December 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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