Toronto, Ontario - Prime Dividend Corp. (The 'Company') declares its monthly distribution of $0.07275 for each Class A share and $0.06083 for each Preferred share.
Distributions are payable September 10, 2025 to shareholders on record as at August 29, 2025.
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 August 29, 2025 will receive a dividend of $0.07275 per share based on the VWAP of $8.73 payable on September 10, 2025.
The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy. Preferred shareholders will 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 $14.52 per share and Preferred shareholders have received a total of $11.38 per share inclusive of this distribution, for a combined total of $25.90.
Contact:
Tel: 1-877-478-2372
Web: www.primedividend.com
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