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 - May 21, 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 May 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 June 10, 2014 to shareholders on record as of May 30, 2014.

Since inception Class A shareholders have received a total of $7.23 per share and Preferred shareholders have received a total of $4.68 per share inclusive of this distribution, for a combined total of $11.91 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 Bank of Nova Scotia CIBC National Bank of Canada Royal Bank of Canada Toronto-Dominion Bank		AGF Management Ltd. CI Financial Corp. IGM Financial Inc.		Great-West Lifeco Inc. Manulife Financial Corporation Sun Life Financial Inc.		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:	May 28, 2014
Record Date:	May 30, 2014
Payable Date:	June 10, 2014

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