There were 20 press releases posted in the last 24 hours and 168,027 in the last 365 days.

Prime Dividend Corp.: Monthly Dividend Declaration for Class A & Preferred Share

/ -- TORONTO, ONTARIO--(Marketwired - Oct 19, 2016) - Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.04742 for each Class A share and $0.04167 for each Preferred share. Distributions are payable November 10, 2016 to shareholders on record as at October 31, 2016.

Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on October 31, 2016 will receive a dividend of $0.04742 per share based on the VWAP of $5.69 payable on November 10, 2016. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Preferred shareholders continue to receive prime plus 0.75% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $8.89 per share and Preferred shareholders have received a total of $5.89 per share inclusive of this distribution, for a combined total of $14.78.

The Company 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 Corporation 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
Distribution Details
Class A Share (PDV) $0.04742
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: October 27, 2016
Record Date: October 31, 2016
Payable Date: November 10, 2016

Investor Relations:
Local: 416-304-4443