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 May 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. Distributions are payable June 10, 2010 to shareholders on record as
of May 31, 2010.


Since inception Class A shareholders have received a total of $4.23 per share
and Preferred shareholders have received a total of $2.68 per share inclusive of
this distribution, for a combined total of $6.91 per share.


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




                    Investment                               Utilities &    
Banks               Management          Life Insurance       Other          
                                                                            
Bank of Montreal    AGF Management Ltd. Great-West Lifeco    BCE Inc.       
                                        Inc.                                
Bank of Nova Scotia CI Financial Corp.  Manulife Financial   TransAlta Corp 
                                        Corp.                               
CIBC                IGM Financial Inc.  Sun Life Financial   TransCanada    
                                        Inc.                 Corp           
National Bank of                                             Power Financial
Canada                                                       Corp.          
Royal Bank of                                                TMX 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:                                    May 27, 2010           
Record Date:                                         May 31, 2010           
Payable Date:                                        June 10, 2010
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