Prime Dividend Corp

Prime Dividend Corp. operates as a mutual fund corporation. The company is headquartered in Toronto, Ontario. The company went IPO on 2005-11-16. The Company’s investment objectives are to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prime rate plus 2.35%, with a minimum annual rate of 5.0% and a maximum annual rate of 8%; to provide holders of Class A Shares with regular monthly cash distributions; and to return the original issue price of $10 and $15 to holders of Preferred Shares and Class A Shares, respectively. The firm invests in an actively managed portfolio of equity securities. In addition, up to 20% of the Net Asset Value may be invested in equity securities of issuers in the financial services or utilities sectors in Canada or the United States. The company invests in various sectors, such as banks, life insurance companies, investment management companies, and utilities and other sectors. Quadravest Capital Management Inc. is the investment manager of the Company.