Dividend 15 Split Corp. Special Meeting Announcement

The Board of Directors of Dividend 15 Split Corp. ("Dividend 15") today
announced that a special meeting of the holders of Dividend 15's Preferred
Shares and Class A Shares will be held at 10:00 a.m. (Eastern standard time) on
June 3, 2013. The primary purpose of the meeting is to consider a special
resolution to allow shareholders to continue their investment beyond the
currently scheduled termination date of December 1, 2014. Under the proposal,
the termination date would be extended by 5 years to December 1, 2019.


If the extension is approved, Class A shareholders and Preferred shareholders
will be provided with a Special Retraction right which is designed to provide
shareholders with an opportunity to retract their shares and receive a
retraction price that is calculated in the same way that such price would be
calculated if Dividend 15 were to terminate on December 1, 2014 as originally
contemplated.


Since inception, Dividend 15 has exceeded its distribution objectives. Class A
shareholders and Preferred shareholders have received 108 consecutive monthly
distributions since inception. Class A shareholders have received a total of
$14.30 per share (including five special distributions of $0.25 per share, one
special distribution of $0.50 per share and one special stock dividend of $1.75
per share), and Preferred shareholders have received a total of $4.75 per share
for a combined total of $19.05 per unit. All distributions have been made in tax
advantaged eligible Canadian dividends or capital gains dividends. As at April
5, 2013, the annualized current yield of the Class A shares is 11.65% and for
the Preferred share it is 5.05%.


Shareholders will also be asked to approve a proposal that would allow the
potential addition to Dividend 15 of the remaining cash assets of two other
terminating Funds (Capital Gains Income Streams Corporation and Income Streams
III Corporation) managed by Quadravest Capital Management Inc. These two other
Funds are scheduled to terminate on December 1, 2013 and this proposal would
allow Dividend 15 to receive the cash assets of these Funds into Dividend 15 in
exchange for the issue of shares of Dividend 15 at its respective net asset
value per unit at such time. This proposal could result in an increase in the
assets of Dividend 15 by up to 20% and provide a source of cash to take
advantage of potential market opportunities at such time. Other associated
benefits include the potential of a lower expense ratio and increased trading
liquidity of both Class A shares and Preferred shares. This proposal does not
affect or change any of the investment objectives, shareholder provisions or any
other attributes of Dividend 15.


Shareholders of record at the close of business on May 3, 2013 will be provided
with the notice of meeting and management information circular in respect of the
meeting and will be entitled to vote at the meeting.


Dividend 15 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
Corporation, Enbridge Inc., Sun Life Financial Inc., TELUS Corporation, Thomson
Reuters Corporation, TransAlta Corporation and TransCanada Corporation. Shares
held within the portfolio are expected to range between 4-8% in weight but may
vary at any time.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Dividend 15 Split Corp.
Investor Relations
416-304-4443 or toll free at 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com

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