Prime Dividend Corp.: Prime Dividend Corp.: Dividend Rate Change

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TORONTO, ONTARIO (MARKET WIRE) As a result of the Bank of Canada's decision today to decrease the bank rate in Canada by 0.25%, the Prime Rate has also decreased by 0.25% to 5.75%. As a result, the February dividends payable to both Preferred Shares and Class A shares of Prime Dividend are each set to decrease by 0.25%. This would result in the February Preferred share dividend once declared being set at an annualized rate of 6.50% (Prime Rate plus 0.75%) and the Class A share dividend being set at an annualized rate of 7.75% (Prime Rate plus 2.0%).

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