Dividend 15 Split Corp. Declares 146th Consecutive Monthly Distribution

TORONTO, ONTARIO--(Marketwired - May 17, 2016) - Dividend 15 Split Corp. ("Dividend 15") declares its 146^th consecutive monthly distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for each Preferred share ($0.525 annually). Distributions are payable June 10, 2016 to shareholders on record as of May 31, 2016.

Since inception Class A shareholders have received a total of $18.10 per share (including five special distributions of $0.25 per share, one special distribution of $0.50 per share and one special stock dividend of $1.75 per share) and Preferred shareholders have received a total of $6.41 per share inclusive of this distribution, for a combined total of $24.51 per unit.

Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TransCanada Corporation.