TORONTO, ONTARIO — (Marketwire) — 12/18/12 — 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 December 14, 2012) 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 January 10, 2013 to shareholders on record as of December 31, 2012.
Since inception Class A shareholders have received a total of $6.17 per share and Preferred shareholders have received a total of $3.97 per share inclusive of this distribution, for a combined total of $10.14 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.
Contacts:
Prime Dividend Corp.
Investor Relations
416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372)