Prime Dividend Corp.: Financial Results to November 30, 2009
TORONTO, ONTARIO–(Marketwire – Feb. 25, 2010) – Prime Dividend Corp. (“Prime Dividend”) announces the annual monetary formula for the year finale Nov 30, 2009.
The year finale Nov 30, 2009 was one of the many scattered durations in monetary marketplace history. Against this backdrop, the marketplace prices of the bonds in the portfolio mirrored this wake up reaching lows in early Mar but recuperating significantly by the finish of November. The net item worth as at Nov 30, 2009 finished $3.08 aloft to $17.64 per section over the prior to year. The finish monetary statements have been accessible at www.primedividend.com or www.sedar.com.
Prime Dividend invests in a portfolio of tall agreeable Canadian Companies as follows:
Banks
Investment Management
Life Insurance
Utilities & Other
Bank of Montreal
AGF Management Ltd.
Great-West Lifeco Inc.
BCE Inc.
The Bank of Nova Scotia
CI Financial Income Fund
Manulife Financial Corp.
TransAlta Corp
CIBC
IGM Financial Inc.
Sun Life Financial Inc.
TransCanada Corp
National Bank of Canada
Power Financial Corp.
Royal Bank of Canada
TSX Group Inc.
Toronto-Dominion Bank
Selected Financial Information from the Statement of Financial Operations:
For the year finale Nov 30, 2009
($ Millions)
Income
1.585
Expenses
(0.450)
Net investment income
1.135
Realized choice premiums and benefit (loss) on sale of investments
(2.639)
Change in unrealized high regard of investments
8.939
Increase in net resources from operations prior to distributions
7.435
Comparative monetary report is accessible in papers filed on www.sedar.com.
