Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 05/18/17 -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.07350 per Equity share. The distribution is payable June 9, 2017 to shareholders on record as of May 31, 2017.

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 May 31, 2017 will receive a dividend of $0.07350 per share based on the VWAP of $8.82 payable on June 9, 2017. 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 $5.11 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)                                                   $0.07350

Ex-Dividend Date:                                               May 29, 2017

Record Date:                                                     May 31,2017

Payable Date:                                                    June 9,2017
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Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443
[email protected]
www.dividendselect15.com

Source: Dividend Select 15 Corp.

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