Dividend 15 Split Corp. II

Dividend 15 Split Corp. II

January 19, 2016 17:00 ET

Dividend 15 Split Corp. II: Regular Monthly Dividend Declaration for Preferred Share

TORONTO, ONTARIO--(Marketwired - Jan. 19, 2016) - Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable February 10, 2016 to shareholders on record as at January 29, 2016. There will not be a distribution paid to Dividend 15 II Class A Shares for January 29, 2016 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of January 15, 2016 was $13.50.

Since inception Class A shareholders have received a total of $10.00 per share and Preferred shareholders have received a total of $4.83 per share inclusive of this distribution, for a combined total of $14.83 per unit.

Dividend 15 II 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.

Distribution Details:
Preferred Share (DF.PR.A) $0.04375
Ex-Dividend Date: January 27, 2016
Record Date: January 29, 2016
Payable Date: February 10, 2016

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