An anonymous director reports

DIVIDEND SELECT 15 CORP. DECLARES MONTHLY DIVIDEND

Dividend Select 15 Corp. has declared its monthly distribution of 5.275 cents per equity share. The distribution is payable May 10, 2024, to shareholders on record as of April 30, 2024.

Under the distribution policy announced in September, 2014, the monthly distribution payable on the equity shares is determined by applying a 10-per-cent annualized rate 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 April 30, 2024, will receive a distribution of 5.275 cents per share, based on the VWAP of $6.33, on May 10, 2024. 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 $10.34 per share, inclusive of this distribution.

Distribution details

Equity share:  5.275 cents

Record date:  April 30, 2024

Payable date:  May 10, 2024