Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 09/17/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.07358 per Equity share. The distribution is payable October 9, 2015 to shareholders on record as of September 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 September 30, 2015 will receive a dividend of $0.07358 per share based on the VWAP of $8.83 over the last 3 trading days in August, payable on October 9, 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 $3.71 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):                      $0.07358
Ex-Dividend Date:                       September 28, 2015
Record Date:                            September 30, 2015
Payable Date:                           October 9, 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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