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Warrant Expiry (DS.WT)

TORONTO, ONTARIO -- (Marketwire) -- 01/24/13 -- Dividend Select 15 Corp. (the "Company") wishes to remind warrant holders that their warrants will expire on January 31, 2013 at 5:00 p.m. (Eastern Time). The warrants are exercisable at a price of $9.25. The January 23, 2013 net asset value of the Company was $9.50, providing warrant holders with the opportunity to acquire additional Equity Shares of the Company below the current Net Asset Value. Two warrants plus the $9.25 exercise price entitles the holder to one Equity Share. Holders of warrants may also subscribe for additional Equity Shares on a pro rata basis if their warrants have been exercised in full.

The Company has a history of 26 consecutive cash distributions since inception providing holders with an attractive income producing asset. The current yield is 7.6% annually based on the $9.25 exercise price.

The Company invests in a portfolio of 15 high quality Canadian companies whose shares offer an attractive dividend yield, have shown solid earnings growth and have a strong history of capital appreciation.


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  Shoppers Drug Mart Corporation TransAlta Corporation   
                    Sun Life Financial Inc.        TransCanada Corporation 

Contacts:
Dividend Select 15 Corp.
Investor Relations
416-304-4443 or Toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com

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