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About the company
Prime Dividend Corp. is a Canada-based mutual fund company. The Company’s investment objectives are to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the prime rate plus 2.35%, with a minimum annual rate of 5.0% and a maximum annual rate of 8%; to provide holders of Class A Shares with regular monthly cash distributions; and to return the original issue price of $10 and $15 to holders of Preferred Shares and Class A Shares, respectively. The Company invests in an actively managed portfolio of equity securities. In addition, up to 20% of the Net Asset Value may be invested in equity securities of issuers in the financial services or utilities sectors in Canada or the United States. It invests in various sectors, such as banks, life insurance companies, investment management companies, and utilities and other sectors. Quadravest Capital Management Inc. is the investment manager of the Company.
- Revenue in CAD (TTM)180.10k
- Net income in CAD-834.00k
- Incorporated2005
- Employees0.00
- LocationPrime Dividend Corp200 Front Street West, Suite 2510,P.O. Box 51TORONTO M5V 3K2CanadaCAN
- Phone+1 (416) 304-4440
- Fax+1 (416) 304-4441
- Websitehttps://www.quadravest.com/prime-dividend-home