TORONTO, ONTARIO -- (Marketwired) -- 12/18/14

Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.08542 per Equity share. The distribution is payable January 9, 2015 to shareholders on record as of December 31, 2014.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10% 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 December 31, 2014 will receive a dividend of $0.08542 per share based on the VWAP of $10.25 over the last 3 trading days in November, payable on January 9, 2015. Effectively, the actual amount of monthly distributions paid will vary with the market price, but the current yield will remain stable at 10% (based on the VWAP) under this distribution policy.

Since inception (November 18, 2010) Equity shareholders have received a total of $2.96 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      Thomson Reuters
                          Canada                    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):                 $0.08542
Ex-Dividend Date:                  December 29, 2014
Record Date:                       December 31, 2014
Payable Date:                      January 9, 2015

Contacts:
Dividend Select 15 Corp.
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividendselect15.com