Prime Dividend Corp.: Regular Monthly Dividend Declaration for Class A and Preferred Share

TORONTO, ONTARIO -- (Marketwire) -- 09/18/09 -- Prime Dividend Corp. ("Prime Dividend") declares its regular monthly distribution of $0.06250 (5.00% annualized) for each Class A share which reflects the distribution policy of prime rate in Canada (2.25% as at September 15, 2009) plus 2% annually. Prime Dividend also declares its regular monthly distribution of $0.04167 (5.00% annualized) for each Preferred share which reflects the distribution policy of prime rate plus 0.75% annually. An annual Class A and Preferred share payment of 5.00% is the minimum payment as per the prospectus and the rate will not decline below this level. Distributions are payable October 9, 2009 to shareholders on record as of September 30, 2009.

Since inception Class A shareholders have received a total of $3.73 per share and Preferred shareholders have received a total of $2.35 per share inclusive of this distribution, for a combined total of $6.08 per share.

Prime Dividend invests in a portfolio of high yielding Canadian Companies as follows:

Banks              Investment          Life Insurance      Utilities & Other
                   Management

Bank of Montreal   AGF Management Ltd. Great-West Lifeco   BCE Inc.
                                        Inc.
The Bank of Nova   CI Financial Income Manulife Financial  TransAlta Corp
 Scotia             Fund                Corp.
CIBC               IGM Financial Inc.  Sun Life Financial  TransCanada Corp
                                        Inc.
National Bank of                                           Power Financial
 Canada                                                     Corp.
Royal Bank of                                              TSX Group Inc.
 Canada
Toronto-Dominion
 Bank

Shares held within the Portfolio will generally represent no less than 4% and no more than 8% of the net asset value.

Distribution Details:

Class A Share (PDV)            $0.06250

Preferred Share (PDV.PR.A)     $0.04167

Ex-Dividend Date:              September 28, 2009

Record Date:                   September 30, 2009

Payable Date:                  October 9, 2009