PDV.PR.A Prime Dividend Corp

Prime Dividend Corp. (The "Company") declares its monthly distribution of $0.04167 for each Preferred share. Distributions are payable June 10, 2020 to shareholders on record as at May 29, 2020.

Since the latter part of February 2020, financial markets have been extremely volatile in response to the developing COVID-19 pandemic and equity markets in particular have experienced significant declines. The investment portfolio of the Company has been subject to these market fluctuations and the net assets of the Company have been materially negatively impacted. The net asset value per unit of the Company as at May 15, 2020 was $13.29. No regular monthly distributions 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. The Company’s investment portfolio may continue to experience significant volatility as the situation evolves.

Preferred shareholders receive prime plus 2.35% with a minimum rate of 5.00%.

Since inception Class A shareholders have received a total of $11.27 per share and Preferred shareholders have received a total of $7.85 per share inclusive of this distribution, for a combined total of $19.12.

The Company invests in a portfolio of high yielding Canadian Companies as follows:

BanksBank of Montreal Bank of Nova Scotia CIBCNational Bank of Canada Royal Bank of CanadaToronto-Dominion Bank

Investment ManagementAGF Management Ltd. CI Financial Corp. IGM Financial Inc.

Life InsuranceGreat-West Lifeco Inc.Manulife Financial Corporation Sun Life Financial Inc.

Utilities & OtherBCE Inc.TransAlta Corp. TC Energy Corp.Power Financial Corp.TMX Group Inc.

Distribution Details

Preferred Share (PDV.PR.A)	$0.04167
Ex-Dividend Date:	May 28, 2020
Record Date:	May 29, 2020
Payable Date:	June 10, 2020

Investor Relations: 1-877-478-2372               Local: 416-304-4443                  www.primedividend.com              info@quadravest.com