Dividend Select 15 Corp.: Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 03/18/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08733 per Equity share. The distribution is payable April 10, 2015 to shareholders on record as of March 31, 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 March 31, 2015 will receive a dividend of $0.08733 per share based on the VWAP of $10.48 over the last 3 trading days in February, payable on April 10, 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 $3.22 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         Thomson Reuters
                                   Canada                  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):                    $0.08733
Ex-Dividend Date:                     March 27, 2015
Record Date:                          March 31, 2015
Payable Date:                         April 10, 2015

Contacts:
Dividend Select 15 Corp.
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com

Source: Dividend Select 15 Corp.

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