Prime Dividend Corp. Regular Monthly Dividend Declaration for Class A and Preferred Share
April 21 2014 - 9:00AM
Marketwired
Prime Dividend Corp. Regular Monthly Dividend Declaration for Class
A and Preferred Share
TORONTO, ONTARIO--(Marketwired - Apr 21, 2014) - 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 April 15, 2014) 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 May 9, 2014 to shareholders
on record as of April 30, 2014.
Since inception
Class A shareholders have received a total of $7.17 per share and
Preferred shareholders have received a total of $4.64 per share
inclusive of this distribution, for a combined total of $11.81 per
unit.
Prime Dividend
invests in a portfolio of high yielding Canadian Companies as
follows:
Banks |
Bank of Montreal |
Bank of Nova Scotia |
CIBC |
National Bank of Canada |
Royal Bank of Canada |
Toronto-Dominion Bank |
|
Investment Management |
AGF Management Ltd. |
CI Financial Corp. |
IGM Financial Inc. |
|
|
Life Insurance |
Great-West Lifeco Inc. |
Manulife Financial Corporation |
Sun Life Financial Inc. |
|
|
Utilities & Other |
BCE Inc. |
TransAlta Corp |
TransCanada Corp |
Power Financial Corp. |
TMX Group Inc. |
|
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: |
April 28, 2014 |
Record Date: |
April 30, 2014 |
Payable Date: |
May 9, 2014 |
Prime Dividend Corp.Investor Relations416-304-4443 or toll free
at 1-877-4-Quadra (1-877-478-2372)www.primedividend.com
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