Dividend Select 15 Corp.: Declares Monthly Dividend


TORONTO, ONTARIO--(Marketwired - April 20, 2015) - Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08325 per Equity share. The distribution is payable May 8, 2015 to shareholders on record as of April 30, 2015.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10% annualized rate on the volume weighted average market price (VWAP) of the Equity shares over the last 3 trading days of the preceding month. As a result, Equity shareholders of record on April 30, 2015 will receive a dividend of $0.08325 per share based on the VWAP of $9.99 over the last 3 trading days in March, payable on May 8, 2015. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Since inception (November 18, 2010) Equity shareholders have received a total of $3.31 per share inclusive of this distribution.

The Company invests in a portfolio of 15 Canadian companies selected from the following 20 company universe which are among the highest Canadian dividend yielding stocks.

Bank of Montreal Great-West Lifeco Inc. TELUS Corporation
BCE Inc. Husky Energy Inc. The Bank of Nova Scotia
CIBC National Bank of Canada The Toronto-Dominion Bank
CI Financial Corp. Power Corporation of Canada Thomson Reuters Corporation
Enbridge Inc. Royal Bank of Canada TMX Group Inc.
EnCana Corporation Loblaw Companies Limited TransAlta Corporation
Sun Life Financial Inc. TransCanada Corporation
Distribution Details:
Equity Share (DS): $0.08325
Ex-Dividend Date: April 28, 2015
Record Date: April 30, 2015
Payable Date: May 8, 2015

Contact Information:

Dividend Select 15 Corp.
Investor Relations
416-304-4443
Toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com