An anonymous director reports

INCOME STREAMS III ANNOUNCES MAILING OF NOTICE OF MEETING AND MANAGEMENT INFORMATION CIRCULAR

The notice of special meeting of shareholders and management information circular relating to the previously announced special meeting of the holders of Income Streams III Corp.'s preferred shares and Class A shares, to be held at 10:30 a.m. EST on July 10, 2013, has been mailed to the shareholders. The purpose of the meeting is to consider a special resolution that would allow the merger of Streams III into Dividend 15 Split Corp. on Dec. 1, 2013 (subject to all required regulatory approvals) while still allowing any Streams III shareholders, should they choose, to retract their shares on the existing scheduled termination date on the same terms as originally contemplated. A vote for the proposal will give shareholders two options at the Dec. 1, 2013, termination date:

• Capital yield and equity dividend shareholders will be able to have their shares exchanged (based on relative net asset values) for an equal dollar amount of units of Dividend 15 through the merger of Streams III into Dividend 15.
• Capital yield shares would receive $25 per share, and equity dividend shares would receive the net asset value less $25 (to a maximum of $15 per share) under the existing termination formula as originally contemplated.

If this proposal is approved, shareholders will not be required to make a decision on this choice until early in November, 2013, when further information will be provided.

A vote against the proposal would restrict shareholder's option to the termination option (No. 2 above) only.

The board of directors of Streams III has determined that the special resolution is in the best interests of its shareholders. Accordingly, the board of directors recommends that shareholders vote for the special resolution. The independent review committee of Streams III has also unanimously determined that the calling and holding of the special meeting to consider the matters described in the circular, on terms set forth in the circular, achieve a fair and reasonable result for shareholders. In addition, the shareholders of Dividend 15, as required, overwhelmingly approved the potential merger transaction by a vote of over 99 per cent at a recent special meeting of shareholders.

For full details, please review the notice of special meeting of shareholders and the management information circular which is available on SEDAR and the company's website.