Dividend Select 15 Corp.: Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 06/18/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08400 per Equity share. The distribution is payable July 10, 2015 to shareholders on record as of June 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 June 30, 2015 will receive a dividend of $0.08400 per share based on the VWAP of $10.08 over the last 3 trading days in May, payable on July 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 $3.47 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):                      $0.08400
Ex-Dividend Date:                       June 26, 2015
Record Date:                            June 30, 2015
Payable Date:                           July 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.

You May Also Be Interested In

• Ophævelse af suspension i forbindelse med overflytning af afdelinger til Investeringsforeningen IA Invest
• Dataline Launches Data Launch Partner Program to Power the Next Generation of AI Trading and Onchain Agents
• StarLovin Launches Automated Instagram DM Features for Creators