Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 08/18/11 -- 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 August 15, 2011) 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 September 9, 2011 to shareholders on record as of August 31, 2011.
Since inception Class A shareholders have received a total of $5.17 per share and Preferred shareholders have received a total of $3.31 per share inclusive of this distribution, for a combined total of $8.48 per share.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:
Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.
Contacts:
Prime Dividend Corp.
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
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Datum: 18.08.2011 - 07:00 Uhr
Sprache: Deutsch
News-ID 1031739
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