TORONTO, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share. Distributions are payable September 8, 2023 to shareholders on record as at August 31, 2023.
There will not be a distribution paid to the Class A Shares for August 31, 2023 as per the Prospectus which states no regular monthly dividends will be paid on the Class A shares in any month as long as the net asset value per unit is equal to or less than $15.00
Preferred shareholders receive prime plus 2.35% with a minimum rate of 5.00% and a maximum rate of 8.00%.
Since inception Class A shareholders have received a total of $13.26 per share and Preferred shareholders have received a total of $9.82 per share inclusive of this distribution, for a combined total of $23.08.
The Company invests in a portfolio of high yielding Canadian Companies as follows:
| Banks |
Investment Management |
Life Insurance |
Utilities & Other |
Bank of Montreal
Bank of Nova Scotia
CIBC
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
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AGF Management Ltd
CI Financial Corp.
IGM Financial Inc.
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Great-West Lifeco Inc.
Manulife Financial Corporation
Sun Life Financial Inc.
|
BCE Inc.
TransAlta Corp.
TC Energy Corp.
Power Financial Corp
TMX Group Inc.
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| Distribution Details |
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| Preferred Share (PDV.PR.A) |
$0.06667 |
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| Record Date: |
August 31, 2023 |
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| Payable Date: |
September 8, 2023 |
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Investor Relations: 1-877-478-2372
Local: 416-304-4443
www.primedividend.com
info@quadravest.com
