09:36 AM EST - Prime Dividend Corp. : Announces a Class A share consolidation and monthly distributions on Class A shares and Preferred shares. In connection with the extension of the termination date of the Company, a special retraction right was offered allowing existing shareholders to tender one or both classes of shares and receive a retraction price based on the November 30, 2023 net asset value per unit. In aggregate, more Preferred shares were tendered for retraction than Class A shares. The purpose of the share consolidation is to maintain the requirement that an equal number of Class A shares and Preferred shares remain outstanding at all material times. Prime Dividend Corp.
shares T.PDV are trading unchanged at $4.23.
