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Dividend Select 15 Corp. Declares Monthly Dividend

/ -- TORONTO, ONTARIO -- (Marketwired) -- 06/20/16 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.06725 per Equity share. The distribution is payable July 8, 2016 to shareholders on record as of June 30, 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 June 30, 2016 will receive a dividend of $0.06725 per share based on the VWAP of $8.07 over the last 3 trading days in May, payable on July 8, 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 $4.32 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 Canada Thomson Reuters 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):                    $0.06725
Ex-Dividend Date:                     June 28, 2016
Record Date:                          June 30, 2016
Payable Date:                         July 8, 2016

Investor Relations:
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