Dividend Select 15 Corp. Declares Monthly Dividend

TORONTO, March 20, 2018 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.07475 per Equity share. The distribution is payable April 10, 2018 to shareholders on record as of March 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 March 29, 2018 will receive a dividend of $0.07475 per share based on the VWAP of $8.97 payable on April 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 $5.82 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 MontrealGreat West Lifeco Inc.TELUS Corporation
BCE Inc.Husky Energy Inc.The Bank of Nova Scotia
CIBCNational Bank of CanadaThe Toronto-Dominion Bank
CI Financial Corp.Power Corporation of CanadaThomson Reuters Corporation
Enbridge Inc.Royal Bank of CanadaTMX Group Inc.
EnCana CorporationLoblaw Companies LimitedTransAlta Corporation
Sun Life Financial Inc.TransCanada Corporation

Distribution Details

Equity Share (DS) $0.07475
Ex-Dividend Date: March 28, 2018
Record Date:March 29, 2018
Payable Date:April 10, 2018


Investor Relations: 1-877-478-2372 Local: 416-304-4443 dividendselect15.com info@quadravest.com

Source: Dividend Select 15 Corp.