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Prime Dividend Corp.: Regular Monthly Dividend Declaration TORONTO, ONTARIO--(MARKET WIRE)--Aug 20, 2008 -- Prime Dividend Corp. ("Prime Dividend") declares its regular
monthly distribution of $0.08438 (6.75% annualized) for
each Class A share which reflects the distribution policy
of prime rate in Canada (4.75% as at August 15th) plus 2%
annually. Prime Dividend also declares its regular monthly
distribution of $0.04583 (5.50% annualized) for each Preferred
share which reflects the distribution policy of prime rate
plus 0.75% annually. Distributions are payable September
10, 2008 to shareholders on record as of August 29, 2008. Since inception Class A shareholders have received a total of $3.18 per share and Preferred shareholders have received a total of $1.80 per share inclusive of this distribution, for a combined total of $4.98 per share. Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Investment
Banks Management Life Insurance Utilities & Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Ltd. Inc.
The Bank of Nova CI Financial Manulife Financial TransAlta Corp
Scotia Income Fund Corp.
CIBC IGM Financial Sun Life Financial TransCanada Corp
Inc. Inc.
National Bank of Power Financial
Canada Corp.
Royal Bank of TSX Group Inc.
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): $0.08438
Preferred Share (PDV.PR.A) $0.04583
Ex-Dividend Date: August 27, 2008
Record Date: August 29, 2008
Payable Date: September 10, 2008Contact: Contacts:
Prime Dividend Corp.
Investor Relations
(416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
Website: http://www.primedividend.com
Source: Prime Dividend Corp.
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