TORONTO, ONTARIO--(Marketwire - June 20, 2012) - Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04375 for each Preferred share ($0.525 annually). Distributions are payable July 10, 2012 to shareholders on record as at June 29, 2012. There will not be a distribution paid to Dividend 15 II Class A Shares for June 29, 2012 as per the Prospectus which states no regular monthly dividends or other distributions will be paid on the Class A Shares in any month as long as the net asset value per unit is equal to or less than $15.00. The net asset value as of June 15, 2012 was $14.84.
Since inception Class A shareholders have received a total of $6.00 per share and Preferred shareholders have received a total of $2.95 per share inclusive of this distribution, for a combined total of $8.95.
Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, The Thomson Corporation, TransAlta Corporation, TransCanada Corporation. Shares held within the portfolio are expected to range between 4-8% in weight but may vary at any time.
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Distribution Details:
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| Preferred Share (DF.PR.A) |
$0.04375 |
| Ex-Dividend Date: |
June 27, 2012 |
| Record Date: |
June 29, 2012 |
| Payable Date: |
July 10, 2012 |