Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 03/18/16 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.06383 per Equity share. The distribution is payable April 8, 2016 to shareholders on record as of March 31, 2016.

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 March 31, 2016 will receive a dividend of $0.06383 per share based on the VWAP of $7.66 over the last 3 trading days in February, payable on April 8, 2016. 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 $4.12 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


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Distribution Details:
Equity Share (DS):    $0.06383
Ex-Dividend Date:     March 29, 2016
Record Date:          March 31, 2016
Payable Date:         April 8, 2016
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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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