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

TORONTO, ONTARIO -- (Marketwired) -- 03/20/17 -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06317 for each Class A share and $0.04167 for each Preferred share. Distributions are payable April 10, 2017 to shareholders on record as at March 31, 2017.

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 March 31, 2017 will receive a dividend of $0.06317 per share based on the VWAP of $7.58 payable on April 10, 2017. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Preferred shareholders continue to receive prime plus 0.75% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $9.18 per share and Preferred shareholders have received a total of $6.10 per share inclusive of this distribution, for a combined total of $15.27.

The Company invests in a portfolio of high yielding Canadian Companies as follows:


      Banks             Investment        Life Insurance   Utilities & Other
                        Management                                          
 Bank of Montreal     AGF Management    Great-West Lifeco       BCE Inc.    
                           Ltd.                Inc.                         
   Bank of Nova        CI Financial          Manulife        TransAlta Corp 
      Scotia              Corp.             Financial                       
                                           Corporation                      
       CIBC           IGM Financial          Sun Life       TransCanada Corp
                           Inc.           Financial Inc.                    
 National Bank of                                           Power Financial 
      Canada                                                     Corp.      
  Royal Bank of                                              TMX Group Inc. 
      Canada                                                                
 Toronto-Dominion                                                           
       Bank                                                                 
                                                                            
Distribution Details                                                        
                                                                            
Class A Share (PDV)                                                 $0.06317
                                                                            
Preferred Share (PDV.PR.A)                                          $0.04167
                                                                            
Ex-Dividend Date:                                             March 29, 2017
                                                                            
Record Date:                                                  March 31, 2017
                                                                            
Payable Date:                                                 April 10, 2017

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