Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share

TORONTO, ONTARIO -- (Marketwired) -- 05/21/13 -- 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 May 15, 2013) 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 June 10, 2013 to shareholders on record as of May 31, 2013.

Since inception Class A shareholders have received a total of $6.48 per share and Preferred shareholders have received a total of $4.18 per share inclusive of this distribution, for a combined total of $10.66 per unit.

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

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

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:                                               May 29, 2013
Record Date:                                                    May 31, 2013
Payable Date:                                                  June 10, 2013