Dividend Select 15 Corp.
TSX : DFN
TSX : DFN.PR.A
TSX : DF
TSX : DF.PR.A
TSX : FTN
TSX : FTN.PR.A
TSX : FFN
TSX : FFN.PR.A
TSX : FTU
TSX : FTU.PR.A
TSX : LFE
TSX : LFE.PR.A
TSX : BK
TSX : BK.PR.A
TSX : PDV
TSX : PDV.PR.A

Dividend Select 15 Corp.

September 21, 2010 16:52 ET

Dividend Select 15 Corp. Files Preliminary Prospectus

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2010) -

Attention: Business Editors

Dividend Select 15 Corp. ("The Company") is pleased to announce the filing of a preliminary prospectus dated September 17, 2010 for a proposed new offering of equity shares at $10.00 per share.

The Company has been created to provide investors with an opportunity to invest in a portfolio (the "Portfolio") of 15 high quality Canadian companies (the "Portfolio Companies") whose shares provide an attractive dividend yield, and which have shown solid earnings growth and have a history of capital appreciation. The Company will employ a covered call writing strategy to generate additional income to the Portfolio. The 15 Portfolio Companies will be selected from among the following 20 companies listed on the Toronto Stock Exchange:

Bank of Montreal EnCana Royal Bank of Canada TD Bank
BCE Great-West Shoppers Drug Mart Thomson Reuters
CIBC Husky Energy Sun Life Financial TMX Group
CI Financial National Bank TELUS TransAlta
Enbridge Power Corp Bank of Nova Scotia TransCanada

Dividend Select 15 equity shares will pay monthly cash distributions, initially targeted to be $0.0583 per share to yield 7.00% per annum on the original issue price of $10.00 per share and offer the opportunity for capital appreciation.

The proposed offering is co-lead by Scotia Capital Inc., CIBC World Markets Inc. and RBC Dominion Securities Inc. The other members of the syndicate are BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Raymond James Ltd., Canaccord Genuity Corp., Dundee Securities Corporation, MacQuarie Capital Markets Canada Ltd., Wellington West Capital Inc., Desjardins Securities Ltd. And Manulife Securities Incorporated.

Please visit our website at: www.dividendselect15.com.

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