An anonymous director reports

DIVIDEND 15 SPLIT CORP. II ANNOUNCES TSX ACCEPTANCE OF NORMAL COURSE ISSUER BID

The Toronto Stock Exchange (the TSX) has accepted Dividend 15 Split Corp. II's notice of intention to make a normal course issuer bid (the NCIB) to purchase its preferred shares and Class A shares through the facilities of the TSX and/or alternative Canadian trading systems. The NCIB will commence on June 2, 2025, and terminate on June 1, 2026.

Pursuant to the NCIB, the company proposes to purchase, from time to time, if it is considered advisable, up to 2,242,527 preferred shares and 2,234,759 Class A shares of the company, representing 10 per cent of the public float of 22,425,275 preferred shares and 22,347,591 Class A shares. As of May 21, 2025, there were 22,425,275 preferred shares and 22,433,891 Class A shares issued and outstanding. The company will not purchase, in any given 30-day period, in the aggregate, more than 448,505 preferred shares or more than 448,677 Class A shares, being 2 per cent of the issued and outstanding preferred shares and Class A shares as of May 21, 2025. Under the previous normal course issuer bid that commenced on May 29, 2024, and terminated on May 28, 2025, no preferred shares or Class A shares were purchased.

The board of directors of the company, on the advice of Quadravest Capital Management Inc., the company's investment manager, believes that such purchases are in the best interests of the company and are a desirable use of its funds. All purchases will be made through the facilities and in accordance with the rules and policies of the TSX. All preferred shares or Class A shares purchased by the company pursuant to the NCIB will be cancelled.

The company invests in a high-quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, Telus Corp., Thomson Reuters Corp., TransAlta Corp. and TC Energy Corp.

We seek Safe Harbor.