/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 04/20/16 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.06758 per Equity share. The distribution is payable May 10, 2016 to shareholders on record as of April 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 April 29, 2016 will receive a dividend of $0.06758 per share based on the VWAP of $8.11 over the last 3 trading days in March, payable on May 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 $4.19 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

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Distribution Details:
Equity Share (DS):            $0.06758
Ex-Dividend Date:             April 27, 2016
Record Date:                  April 29, 2016
Payable Date:                 May 10, 2016
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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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