Dividend 15 Split Corp.

Dividend 15 Split Corp.

August 08, 2005 19:13 ET

Dividend 15 Split Corp.: Special Dividend Declaration

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2005) - Dividend 15 Split Corp. ("Dividend 15") (TSX:DFN)(TSX:DFN.PR.A) declares a special distribution of $0.25 for each Class A share. Distributions are payable August 31, 200 5 to shareholders on record as of August 17, 2005.

Since inception Class A shareholders have received a total of $1.85 per share inclusive of this distribution. The Net Asset Value attributable to the Class A share as of July 31, 2005 was $17.11.

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 Fund Management,
BCE Inc.,
Dofasco Inc.,
Enbridge Inc.,
TELUS Corporation,
The Thomson Corporation,
TransAlta Corporation,
TransCanada Corporation.

Shares held within the portfolio are expected to range between 4-8%
in weight but may vary at any time.

Special Distribution Details:

Class A Share (DFN): $0.25

Ex-Dividend Date: August 15, 2005

Record Date: August 17, 2005

Payable Date: August 31, 2005

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