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Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, ONTARIO -- (Marketwired) -- 02/16/17 -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.07408 per Equity share. The distribution is payable March 10, 2017 to shareholders on record as of February 28, 2017.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% 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 February 28, 2017 will receive a dividend of $0.07408 per share based on the VWAP of $8.89 payable on March 10, 2017. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Since inception, Equity shareholders have received a total of $4.88 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  
   CI Financial Corp.       Power Corporation of              Bank          
     Enbridge Inc.                 Canada                Thomson Reuters    
   EnCana Coproration       Royal Bank of Canada           Corporation      
                          Loblaw Companies Limited       TMX Group Inc.     
                          Sun Life Financial Inc.    TransAlta Corporation  
                                                    TransCanada Corporation 
                                                                            
Distribution Details                                                        
                                                                            
Equity Share (DS)                                                   $0.07408
                                                                            
Ex-Dividend Date:                                          February 24, 2017
                                                                            
Record Date:                                               February 28, 2017
                                                                            
Payable Date:                                                 March 10, 2017

Contacts:
Dividend Select 15 Corp.
Investor Relations:
1-877-478-2372
Local: 416-304-4443
[email protected]
www.dividendselect15.com

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