Prime Dividend Corp. Monthly Dividend Declaration for Class A & Preferred Share

CBJ Newsmakers

TORONTO, Jan. 17, 2019 (GLOBE NEWSWIRE) — Prime Dividend Corp. (The “Company”) declares its monthly distribution of $0.04808 for each Class A share and $0.05250 for each Preferred share. Distributions are payable February 8, 2019 to shareholders on record as at January 31, 2019.

Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10.00% annualized rate on the volume weighted average market price (VWAP) of the Class A shares over the last 5 trading days of the preceding month. As a result, Class A shareholders of record on January 31, 2019 will receive a dividend of $0.04808 per share based on the VWAP of $5.77 payable on February 8, 2019. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Preferred shareholders will receive prime plus 2.35% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $10.53 per share and Preferred shareholders have received a total of $7.04 per share inclusive of this distribution, for a combined total of $17.57.

The Company invests in a portfolio of high yielding Canadian Companies as follows:

           
Banks   Investment Management Life Insurance Utilities & Other
Bank of Montreal   AGF Management Ltd. Great-West Lifeco Inc. BCE Inc.
Bank of Nova Scotia   CI Financial Corp. Manulife Financial Corporation TransAlta Corp
CIBC   IGM Financial Inc. Sun Life Financial Inc. TransCanada Corp
National Bank of Canada         Power Financial Corp.
Royal Bank of Canada         TMX Group Inc.
Toronto-Dominion Bank          
 

 
Distribution Details
 
Class A Share (PDV)       $0.04808
Preferred Share (PDV.P R.A)       $0.05250
Ex-Dividend Date:         January 30, 2019
Record Date:         January 31, 2019
Payable Date:         February 8, 2019

Investor Relations: 1-877-478-2372   Local: 416-304-4443 www.primedividend.com info@quadravest.com
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