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Dividend Select 15 Corp. - Declares Monthly Dividend

/EIN News/ -- TORONTO, June 20, 2018 (GLOBE NEWSWIRE) -- Dividend Select 15  Corp.  (The  "Company") declares its monthly distribution of $0.06875 per Equity share. The distribution is payable July 10, 2018 to shareholders on record as of June 29, 2018.

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 June 29, 2018 will receive a dividend of $0.06875 per share based on the VWAP of $8.25 payable on July 10, 2018. 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 $6.03 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) $0.06875
Ex-Dividend Date: June 28, 2018
Record Date: June 29, 2018
Payable Date: July 10, 2018

Investor Relations: 1-877-478-2372
Local: 416-304-4443

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