PDV.PR.A Prime Dividend Corp

Prime Dividend Corp. ("Prime Dividend") announces its annual financial results for the year ending November 30, 2009.

The year ending November 30, 2009 was one of the most tumultuous periods in financial market history. Against this backdrop, the market prices of the stocks in the portfolio mirrored this activity reaching lows in early March but recovering significantly by the end of November. The net asset value as at November 30, 2009 ended $3.08 higher to $17.64 per unit over the prior year. The complete financial statements are available at www.primedividend.com or www.sedar.com.

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

                        Investment
       Banks            Management      Life Insurance   Utilities & Other

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

Selected Financial Information from the Statement of Financial Operations:

For the year ending November 30, 2009

                                                       ($ Millions)
Income                                                     1.585
Expenses                                                 (0.450)
                                                       ------------
Net investment income                                      1.135
Realized option premiums and gain (loss) on sale of
investments                                               (2.639)
Change in unrealized appreciation of investments          8.939
                                                       ------------
Increase in net assets from operations before
distributions                                              7.435

Comparative financial information is available in documents filed on www.sedar.com.

Contacts: Prime Dividend Corp. Investor Relations 416-304-4443 or 1-877-4-Quadra (1-877-478-2372) www.primedividend.com