TORONTO, ONTARIO -- (Marketwire) -- 12/18/12 -- 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 (3.00% as at December 14, 2012) 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. Distributions are payable January 10, 2013 to shareholders on record as of December 31, 2012.

Since inception Class A shareholders have received a total of $6.17 per share and Preferred shareholders have received a total of $3.97 per share inclusive of this distribution, for a combined total of $10.14 per share.

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

Banks              Investment          Life               Utilities         
                   Management          Insurance          & Other           
Bank of Montreal   AGF Management      Great-West Lifeco  BCE Inc.          
                    Ltd.                Inc.                                
Bank of Nova       CI Financial Corp.  Manulife           TransAlta Corp    
 Scotia                                 Financial Corp.                     
CIBC               IGM Financial Inc.  Sun Life           TransCanada Corp  
                                        Financial Inc.                      
National Bank of                                          Power Financial   
 Canada                                                    Corp.            
Royal Bank of                                             TMX 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:                             December 27, 2012             
Record Date:                                  December 31, 2012             
Payable Date:                                 January 10, 2013