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TORONTO, ONTARIO–(Marketwired – June 20, 2016) – Dividend Select 15 Corp. (the “Company”) declares its monthly distribution of $0.06725 per Equity share. The distribution is payable July 8, 2016 to shareholders on record as of June 30, 2016.
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 June 30, 2016 will receive a dividend of $0.06725 per share based on the VWAP of $8.07 over the last 3 trading days in May, payable on July 8, 2016. 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 $4.32 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 Canada | Thomson Reuters 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): | $0.06725 |
| Ex-Dividend Date: | June 28, 2016 |
| Record Date: | June 30, 2016 |
| Payable Date: | July 8, 2016 |
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Investor Relations:
1-877-478-2372
Local: 416-304-4443
www.dividendselect15.com
[email protected]
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Mon, 20 Jun 2016 22:47:17 GMT
