Dividend Select 15 Corp.: Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 05/20/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08483 per Equity share. The distribution is payable June 10, 2015 to shareholders on record as of May 29, 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 May 29, 2015 will receive a dividend of $0.08483 per share based on the VWAP of $10.18 over the last 3 trading days in April, payable on June 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 $3.39 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 Corporation
                    Canada
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):            $0.08483
Ex-Dividend Date:             May 27, 2015
Record Date:                  May 29, 2015
Payable Date:                 June 10, 2015

Contacts:
Investor Relations
416-304-4443
toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com

Source: Dividend Select 15 Corp.

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