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

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

TORONTO, ONTARIO--(Marketwired - Jan 20, 2014) - 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 January 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 February 10, 2014 to shareholders on record as of January 31, 2014.

Since inception Class A shareholders have received a total of $6.98 per share and Preferred shareholders have received a total of $4.51 per share inclusive of this distribution, for a combined total of $11.49 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

Toronto-Dominion Bank

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:	January 29, 2014
Record Date:	January 31, 2014
Payable Date:	February 10, 2014

Prime Dividend Corp.Investor Relations416-304-4443Toll Free: 1-877-4-Quadra (1-877-478-2372)www.primedividend.com