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Dividend Select 15 Corp. Declares Monthly Dividend

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TORONTO, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.06758 per Equity share. The distribution is payable September 10, 2018 to shareholders on record as of August 31, 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 August 31, 2018 will receive a dividend of $0.06758 per share based on the VWAP of $8.11 payable on September 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 $6.17 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
BCE Inc.
CIBC
CI Financial Corp.
Enbridge Inc.
EnCana Corporation

            Great West Lifeco Inc.
Husky Energy Inc.
National Bank of Canada
Power Corporation of Canada
Royal Bank of Canada
Loblaw Companies Limited
Sun Life Financial Inc.
            TELUS Corporation
The Bank of Nova Scotia
The Toronto-Dominion Bank
Thomson Reuters Corporation
TMX Group Inc.
TransAlta Corporation
TransCanada Corporation
     
                 


Distribution Details    
                                     
Equity Share (DS)
Ex-Dividend Date:
Record Date:
Payable Date:
  $0.06758
August 30, 2018
August 31, 2018
September 10, 2018
     


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

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