Prime Dividend Corp.: Financial Results to November 30, 2009
February 25 2010 - 12:17PM
Marketwired Canada
Prime Dividend Corp. ("Prime Dividend") announces its annual financial results
for the year ending November 30, 2009.
The year ending November 30, 2009 was one of the most tumultuous periods in
financial market history. Against this backdrop, the market prices of the stocks
in the portfolio mirrored this activity reaching lows in early March but
recovering significantly by the end of November. The net asset value as at
November 30, 2009 ended $3.08 higher to $17.64 per unit over the prior year. The
complete financial statements are available at www.primedividend.com or
www.sedar.com.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Investment
Banks Management Life Insurance Utilities & Other
Bank of Montreal AGF Management Great-West Lifeco BCE Inc.
Ltd. Inc.
The Bank of Nova CI Financial Manulife TransAlta Corp
Scotia Income Fund Financial Corp.
CIBC IGM Financial Sun Life TransCanada Corp
Inc. Financial Inc.
National Bank of Power Financial
Canada Corp.
Royal Bank of TSX Group Inc.
Canada
Toronto-Dominion
Bank
Selected Financial Information from the Statement of Financial Operations:
For the year ending November 30, 2009
($ Millions)
Income 1.585
Expenses (0.450)
------------
Net investment income 1.135
Realized option premiums and gain (loss) on sale of
investments (2.639)
Change in unrealized appreciation of investments 8.939
------------
Increase in net assets from operations before
distributions 7.435
Comparative financial information is available in documents filed on www.sedar.com.
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