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 January
15, 2010) 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 February 10, 2010 to shareholders on record as of January 29, 2010. 


Since inception Class A shareholders have received a total of $3.98 per share
and Preferred shareholders have received a total of $2.51 per share inclusive of
this distribution, for a combined total of $6.50 per share.


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




                        Investment                                          
       Banks           Management       Life Insurance    Utilities & Other 
                                       Great-West Lifeco                    
  Bank of Montreal AGF Management Ltd.       Inc.             BCE Inc.      
  The Bank of Nova CI Financial Income Manulife Financial                   
      Scotia              Fund               Corp.         TransAlta Corp   
                                       Sun Life Financial                   
       CIBC        IGM Financial Inc.        Inc.         TransCanada Corp  
  National Bank of                                         Power Financial  
      Canada                                                    Corp.       
   Royal Bank of                                                            
      Canada                                               TSX Group Inc.   
  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:                                 January 27, 2010  
Record Date:                                      January 29, 2010  
Payable Date:                                     February 10, 2010
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