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 - Feb 19, 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 February 14, 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 March 10, 2014 to shareholders on record as of February 28, 2014.

Since inception Class A shareholders have received a total of $7.04 per share and Preferred shareholders have received a total of $4.56 per share inclusive of this distribution, for a combined total of $11.60 per unit.

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

Banks		Investment Management		Life Insurance		Utilities & Other
Bank of Montreal		AGF Management Ltd.		Great-West Lifeco Inc.		BCE Inc.
Bank of Nova Scotia		CI Financial Corp.		Manulife Financial Corp.		TransAlta Corp
CIBC		IGM Financial Inc.		Sun Life Financial Inc.		TransCanada Corp
National Bank of Canada						Power Financial 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:	February 26, 2014
Record Date:	February 28, 2014
Payable Date:	March 10, 2014

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