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 (3.00% as at May 15, 2012) 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 8, 2012 to shareholders on record as of May 31, 2012.

Since inception Class A shareholders have received a total of $5.73 per share and Preferred shareholders have received a total of $3.68 per share inclusive of this distribution, for a combined total of $9.41 per share.

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


                    Investment         Life Insurance     Utilities & Other 
Banks               Management                                              
                                                                            
Bank of Montreal    AGF Management     Great-West Lifeco  BCE Inc.          
                    Ltd.               Inc.                                 
Bank of Nova Scotia CI Financial Corp. Manulife Financial TransAlta Corp    
                                       Corp.                                
CIBC                IGM Financial Inc. Sun Life Financial TransCanada Corp  
                                       Inc.                                 
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 29, 2012             
Record Date:                                       May 31, 2012             
Payable Date:                                      June 8, 2012

Contacts: Prime Dividend Corp. Investor Relations 416-304-4443, toll free at 1-877-4-Quadra (1-877-478-2372) www.primedividend.com

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