PRIME DIVIDEND CORP. Monthly Dividend Declaration for Preferred Share

TORONTO, March 20, 2023 (GLOBE NEWSWIRE) -- Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.06667 for each Preferred share. Distributions are payable April 10, 2023 to shareholders on record as at March 31, 2023

There will not be a distribution paid to the Class A Shares for March 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 $13.07 per share and Preferred shareholders have received a total of $9.49 per share inclusive of this distribution, for a combined total of $22.56.

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