PDV Prime Dividend Corp

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 (2.25% as at December 15, 2009) 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 and the rate will not decline below this level. Distributions are payable January 8, 2010 to shareholders on record as of December 31, 2009.

Since inception Class A shareholders have received a total of $3.92 per share and Preferred shareholders have received a total of $2.47 per share inclusive of this distribution, for a combined total of $6.39 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 Ltd. Great-West Lifeco      BCE Inc.
                                               Inc.
  The Bank of Nova CI Financial Income Manulife Financial  TransAlta Corp
      Scotia              Fund               Corp.
        CIBC       IGM Financial Inc.  Sun Life Financial  TransCanada Corp
                                              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)                               $0.06250

Preferred Share (PDV.PR.A)                        $0.04167

Ex-Dividend Date:                                 December 29, 2009

Record Date:                                      December 31, 2009

Payable Date:                                     January 8, 2010

Contacts: Prime Dividend Corp. Investor Relations 416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) www.primedividend.com