DS Dividend Select 15 Corp

Dividend Select 15 Corp. (The "Company") declares its monthly distribution of $0.04408 per Equity share. The distribution is payable May 8, 2020 to shareholders on record as of April 30, 2020.

Under the distribution policy announced in September 2014, the monthly dividend payable on the Equity shares is determined by applying a 10.00% 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 April 30, 2020 will receive a dividend of $0.04408 per share based on the VWAP of $5.29 payable on May 8, 2020. The yield will remain stable at 10.00% (based on the VWAP) under this distribution policy.

Since inception, Equity shareholders have received a total of $7.37 per share inclusive of this distribution.

Since the latter part of February 2020, financial markets have been extremely volatile in response to the developing COVID-19 pandemic and equity markets in particular have experienced significant declines. The investment portfolio of the Company has been subject to these market fluctuations and the net assets of the Company have been materially negatively impacted. The Company’s investment portfolio may continue to experience significant volatility as the situation evolves.

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.	TC Energy Corporation

Distribution Details
Equity Share (DS)	$0.04408
Ex-Dividend Date:	April 29, 2020
Record Date:	April 30, 2020
Payable Date:	May 8, 2020

Investor Relations: 1-877-478-2372Local: 416-304-4443dividendselect15.com info@quadravest.com