Dividend 15 Split Corp. Declares 120th Consecutive Monthly Distribution

TORONTO, ONTARIO--(Marketwired - March 19, 2014) - Dividend 15 Split Corp. ("Dividend 15") declares its 120th consecutive monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable April 10, 2014 to shareholders on record as of March 31, 2014.

Since inception Class A shareholders have received a total of $15.50 per share (including five special distributions of $0.25 per share, one special distribution of $0.50 per share and one special stock dividend of $1.75 per share) and Preferred shareholders have received a total of $5.27 per share inclusive of this distribution, for a combined total of $20.77 per unit.

Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto- Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TransCanada Corporation. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.