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:

BanksInvestment ManagementLife Insurance Utilities & OtherBank of MontrealAGF Management Ltd.Great-West Lifeco Inc. BCE Inc.Bank of Nova ScotiaCI Financial Corp.Manulife Financial CorporationTransAlta Corp.CIBCIGM Financial Inc.Sun Life Financial Inc.TC Energy Corp.National Bank of Canada  Power Financial Corp.Royal Bank of Canada  TMX Group Inc.Toronto-Dominion Bank

Distribution Details  Preferred Share (PDV.PR.A)$0.06667Record Date:March 31, 2023Payable Date:April 10, 2023

Investor Relations: 1-877-478-2372Local: [email protected]