TORONTO, ONTARIO--(Marketwired - May 20, 2015) - Prime Dividend Corp. (the "Company") declares its monthly distribution of $0.06475 for each Class A share and $0.04167 for each Preferred share. Distributions are payable June 10, 2015 to shareholders on record as of May 29, 2015.

Under the distribution policy announced on July 17, 2014, the monthly dividend payable on the Class A shares is determined by applying a 10% 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 May 29, 2015 will receive a dividend of $0.06475 per share based on the VWAP of $7.77 over the last 5 trading days in April, payable on June 10, 2015. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this new distribution policy.

Preferred shareholders continue to received prime plus 0.75% with a minimum rate of 5% annually.

Since inception Class A shareholders have received a total of $8.03 per share and Preferred shareholders have received a total of $5.18 per share inclusive of this distribution, for a combined total of $13.21 per unit.

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

Bank of Montreal
Bank of Nova Scotia
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank
Investment Management
AGF Management Ltd.
CI Financial Corp.
IGM Financial Inc.

Life Insurance
Great-West Lifeco Inc.
Manulife Financial Corporation
Sun Life Financial Inc.

Utilities & Other
BCE Inc.
TransAlta Corp
TransCanada Corp
Power Financial Corp.
TMX Group Inc.
Distribution Details:
Class A Share (PDV) $0.06475
Preferred Share (PDV.PR.A) $0.04167
Ex-Dividend Date: May 27, 2015
Record Date: May 29, 2015
Payable Date: June 10, 2015

Contact Information:

Prime Dividend Corp.
Investor Relations
Toll free at 1-877-4-Quadra (1-877-478-2372)