Prime Dividend Corp.

Equities

PDV

CA74161F4033

Investment Management & Fund Operators

Market Closed - Toronto S.E. Other stock markets 01:31:41 2024-05-17 pm EDT			5-day change	1st Jan Change
6.54 ^CAD	0.00%		+0.77%	-5.49%

May. 16	Prime Dividend Corp. Declares Monthly Dividend for Class A Share, Payable on June 10, 2024	CI
Mar. 18	Prime Dividend Corp. Declares Monthly Dividend for Class A Share, Payable on April 10, 2024	CI

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

January 19, 2024 at 07:35 am EST

Prime Dividend Corp. (The 'Company') declares its monthly distribution of $0.04783 for each Class A share and $0.06667 for each Preferred share.

Distributions are payable February 9, 2024 to shareholders on record as at January 31, 2024.

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, 2024 will receive a dividend of $0.04783 per share based on the VWAP of $5.74 payable on February 9, 2024. 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% and a maximum rate of 8.00%.

Contact:

Tel: 1-877-478-2372

Latest news about Prime Dividend Corp.

Prime Dividend Corp. Declares Monthly Dividend for Class A Share, Payable on June 10, 2024	May. 16	CI
Prime Dividend Corp. Declares Monthly Dividend for Class A Share, Payable on April 10, 2024	Mar. 18	CI
Prime Dividend Corp. Reports Earnings Results for the Full Year Ended November 30, 2023	Feb. 26	CI
Prime Dividend Corp. Monthly Dividend Declaration for Class A, Payable on March 8, 2024	Feb. 16	CI
Prime Dividend Corp. Declares Monthly Distribution for Class A Share, Payable on February 9, 2024	Jan. 18	CI
Prime Dividend Corp. Declares Monthly Dividend for Class A Shares, Payable on January 10, 2024	Dec. 19	CI
Prime Dividend Corp. Reports Earnings Results for the Half Year Ended May 31, 2023	23-07-27	CI
Prime Dividend Corp. Monthly Dividend Declaration for Class A Share, Payable on August 10, 2023	23-07-18	CI
Prime Dividend Corp. Declares Monthly Distribution for Class A Share, Payable July 10, 2023	23-06-20	CI
Prime Dividend Corp. Declares Monthly Distribution on Class A Share. Payable on May 10, 2023	23-05-18	CI
Prime Dividend Corp. Declares Monthly Distribution on Class A Share. Payable on May 10, 2023	23-04-19	CI
Prime Dividend Corp. Reports Earnings Results for the Full Year Ended November 30, 2022	23-02-24	CI
Prime Dividend Corp. Declares Monthly Distribution for Class A Share, Payable on March 10, 2023	23-02-21	CI
Prime Dividend Corp. Declares Monthly Distribution for Class A Share , Payable on February 10, 2023	23-01-17	CI
Prime Dividend Corp. Announces Monthly Dividend Declaration for Class A Share, Payable on January 10, 2023	22-12-20	CI
Prime Dividend Corp. Declares Monthly Dividend for Class A Share, Payable on December 9, 2022	22-11-18	CI
Prime Dividend Corp. Announces There Will Not Be Distribution Paid to the Class A Shares for October 31, 2022	22-10-20	CI
Prime Dividend Corp. Monthly Dividend Declaration for Class A Share, Payable on October 7, 2022	22-09-20	CI
Prime Dividend Corp. Declares Monthly Distribution Payable on September 9, 2022	22-08-18	CI
Prime Dividend Corp. Reports Earnings Results for the Half Year Ended May 31, 2022	22-07-27	CI
Prime Dividend Corp. Announces Monthly Dividend on Class A Share, Payable on August 10, 2022	22-07-20	CI
Prime Dividend Corp. Declares Monthly Dividend for Class A, Payable on July 08, 2022	22-06-20	CI
DBRS Confirms Rating on Prime Dividend's Preferred Shares	22-06-17	MT
Africa Oil Announces Receipt of Prime Dividend	22-05-25	MT
Prime Dividend Corp. Declares Monthly Dividend for Class A, Payable on June 10, 2022	22-05-18	CI

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Company Profile

Prime Dividend Corp. is a Canada-based mutual fund company. The Company's investment objective is to invest primarily in a portfolio of common shares. The Company may also invest up to 20% of the net asset value in equity securities of issuers in the financial services or utilities sectors in Canada or the United States. The investment objectives with respect to the Preferred shares is to provide holders of Preferred Shares with cumulative floating rate monthly cash dividends at a rate per annum equal to the prevailing Canadian prime rate plus 2.35% with a minimum annual rate of 5% and a maximum rate of 8% based on the on the $10 repayment value of the Preferred shares. The Company invests in various sectors, which include banks, life insurance companies, investment management companies, and utilities and other sectors. Quadravest Capital Management Inc. is the investment manager of the Company.

Sector

Investment Management & Fund Operators

Calendar

2024-07-23 - Q2 2024 Earnings Release (Projected)

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