TORONTO, ONTARIO -- (Marketwire) -- 10/18/12 -- Dividend Select 15 Corp. (the "Company") declares its monthly distribution of $0.0583 for each Equity Share ($0.70 annually). The distribution is payable November 9, 2012 to shareholders on record as of October 31, 2012.

Since inception (November 18, 2010) Equity shareholders have received a total of $1.34 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       Shoppers Drug Mart       TransAlta Corporation
                         Corporation
                         Sun Life Financial Inc.  TransCanada Corporation

Shares held within the Portfolio are invested on an equally-weighted basis.

Distribution Details:

Equity Share (DS):                            $0.0583

Ex-Dividend Date:                             October 29, 2012

Record Date:                                  October 31, 2012

Payable Date:                                 November 9, 2012