Prime Dividend Corp.: Announces Special Meeting of Shareholders
06 Septembre 2011 - 11:55PM
Marketwired Canada
The Board of Directors of Prime Dividend Corp. ("The Company") today announced
that a special meeting of the holders of the Company's Preferred Shares and
Class A Shares will be held at 11:00 a.m. (Eastern standard time) on Thursday,
November 3, 2011. The purpose of the meeting is to consider a special resolution
to extend the mandatory termination date for the Company from December 1, 2012
to December 1, 2018. Shareholders of record at the close of business on
September 29, 2011 will be provided with the notice of meeting and management
information circular in respect of the meeting and will be entitled to vote at
the meeting.
If the extension is approved, Class A Shareholders and Preferred Shareholders
will be provided with a Special Retraction right which is designed to provide
Shareholders with an opportunity to retract their Shares and receive a
retraction price that is calculated in the same way that such price would be
calculated if the Company were to terminate on December 1, 2012 as originally
contemplated.
Prime Dividend invests in a portfolio of high yielding Canadian Companies as
follows:
Investment
Banks Management Life Insurance Utilities & Other
Great-West Lifeco
Bank of Montreal AGF Management Ltd. Inc. BCE Inc.
Manulife Financial
Bank of Nova Scotia CI Financial Corp. Corp. TransAlta Corp
Sun Life Financial
CIBC IGM Financial Inc. Inc. TransCanada Corp
National Bank of Power Financial
Canada Corp.
Royal Bank of
Canada TMX Group Inc.
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.
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