Dividend Select 15 Corp.
TSX : DS

Dividend Select 15 Corp.

July 20, 2016 09:00 ET

Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO--(Marketwired - July 20, 2016) - Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.06617 per Equity share. The distribution is payable August 10, 2016 to shareholders on record as of July 29, 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 July 29, 2016 will receive a dividend of $0.06617 per share based on the VWAP of $7.94 over the last 3 trading days in June, payable on August 10, 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 $4.39 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
Distribution Details:
Equity Share (DS): $0.06617
Ex-Dividend Date: July 27, 2016
Record Date: July 29, 2016
Payable Date: August 10, 2016

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