09:24 AM EDT, 08/13/2024 (MT Newswires) -- Prime Dividend (PDV.TO) on Tuesday established an at-the-market equity program (ATM Program) allowing the company to issue shares to the public up to Sept. 9, 2026.

Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement with National Bank Financial Inc.

Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution.

The ATM Program is being offered pursuant to a prospectus supplement dated Aug. 9, 2024 to the company's short form base shelf prospectus dated Aug. 7, 2024. The maximum gross proceeds from the issuance of the shares will be $10 million.