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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

18/06/2014 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 June 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 July 10, 2014 to shareholders on record as
of June 30, 2014.


Since inception Class A shareholders have received a total of $7.29 per share
and Preferred shareholders have received a total of $4.72 per share inclusive of
this distribution, for a combined total of $12.01 per unit.


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




Banks                              Investment Management              
Bank of Montreal                   AGF Management Ltd.                
Bank of Nova Scotia                CI Financial Corp.                 
CIBC                               IGM Financial Inc.                 
National Bank of Canada                                               
Royal Bank of Canada                                                  
Toronto-Dominion Bank                                                 
                                                                      

Life Insurance                     Utilities & Other                  
Great-West Lifeco Inc.             BCE Inc.                           
Manulife Financial Corporation     TransAlta Corp                     
Sun Life Financial Inc.            TransCanada Corp                   
                                   Power Financial Corp.              
                                   TMX Group Inc.                     
                                                                      
                                                                      
Distribution Details:                                           
Class A Share (PDV)                                    $0.06250 
Preferred Share (PDV.PR.A)                             $0.04167 
Ex-Dividend Date:                                 June 26, 2014 
Record Date:                                      June 30, 2014 
Payable Date:                                     July 10, 2014 




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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