An anonymous director reports

DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND

Dividend Select 15 Corp. has declared its monthly distribution of 5.558 cents per equity share. The distribution is payable July 10, 2023, to shareholders on record as of June 30, 2023.

Under the distribution policy announced in September, 2014, the monthly dividend payable on the equity shares is determined by applying an annualized rate of 10 per cent on the volume weighted average market price (VWAP) of the equity shares over the last three trading days of the preceding month. As a result, equity shareholders of record on June 30, 2023, will receive a dividend of 5.558 cents per share based on the VWAP of $6.67, payable on July 10, 2023. The yield will remain stable at 10 per cent (based on the VWAP) under this distribution policy.

Since inception, equity shareholders have received a total of $9.82 per share inclusive of this distribution.

The company invests in a portfolio of 15 Canadian companies selected from the 20-company universe named in the attached table, which are among the highest-Canadian-dividend-yielding stocks.

Distribution details

Equity share:  5.558 cents

Record date:  June 30, 2023

Payable date:  July 10, 2023