/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 10/20/15 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.06950 per Equity share. The distribution is payable November 10, 2015 to shareholders on record as of October 30, 2015.

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 October 30, 2015 will receive a dividend of $0.06950 per share based on the VWAP of $8.34 over the last 3 trading days in September, payable on November 10, 2015. 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 $3.78 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      Thomson Reuters
                        Canada                    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):                                                  $0.06950
Ex-Dividend Date:                                           October 28, 2015
Record Date:                                                October 30, 2015
Payable Date:                                              November 10, 2015
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Contacts:
Investor Relations:
1-877-478-2372
Local: 416-304-4443
www.dividendselect15.com
info@quadravest.com

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