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Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and ... MarketWatch (press release)

20.04.10

TORONTO, ONTARIO, Apr 20, 2010 (MARKETWIRE via COMTEX) -- 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 April 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 May 10, 2010 to shareholders on record as of April 30, 2010.

Since inception Class A shareholders have received a total of $4.17 per share and Preferred shareholders have received a total of $2.64 per share inclusive of this distribution, for a combined total of $6.81 per share.

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

Source:

royal life insurance - News


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