Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 10/19/16 -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.06792 per Equity share. The distribution is payable November 10, 2016 to shareholders on record as of October 31, 2016.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% 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 October 31, 2016 will receive a dividend of $0.06792 per share based on the VWAP of $8.15 payable on November 10, 2016. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Since inception, Equity shareholders have received a total of $4.60 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
                            Power Corporation of       Thomson Reuters
   CI Financial Corp.             Canada                 Corporation
      Enbridge Inc.        Royal Bank of Canada        TMX Group Inc.
   EnCana Coproration    Loblaw Companies Limited   TransAlta Corporation
                          Sun Life Financial Inc.  TransCanada Corporation

------------------------------------------------------------
------------------------------------------------------------
Distribution Details

Equity Share (DS)                                   $0.06792

Ex-Dividend Date:                           October 27, 2016

Record Date:                                October 31, 2016

Payable Date:                              November 10, 2016
------------------------------------------------------------
------------------------------------------------------------

Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443
www.dividendselect15.com
[email protected]

Source: Dividend Select 15 Corp.

You May Also Be Interested In

• Modular Medical Announces Commercial Availability of Pivot Tubeless Insulin Patch Pump Ahead of Commercial Expansion
• EMD Serono Announces Healthcare Leadership Changes for Global Commercial Strategy and North America
• Allied Universal Among America's Most Patriotic Companies According to Newsweek