Dividend Select 15 Corp. Files Final Prospectus-Closing November 18, 2010

Dividend Select 15 Corp. announces the filing of a final prospectus to offer up
to 25,000,000 equity shares at a price of $10.00 per share.


Dividend Select 15 Corp. will invest 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  



The investment objectives are to provide shareholders with i) monthly cash
distributions and ii) the opportunity for capital appreciation.


The initial distribution target is to pay regular monthly distributions of
$0.0583 per share to yield 7.00% per annum on the original issue price of the
shares. Distributions are expected to be in the form of Canadian eligible
dividends and/or capital gains dividends.


The portfolio weightings will be actively managed based on the Manager's
assessment of which companies provide the most stable dividend yields and
attractive growth potential. The Company will also engage in an active covered
call writing program to provide an additional source of income to the portfolio
and to capitalize on volatility in the underlying portfolio companies.


The closing of this issue and the listing of Dividend Select 15 Corp. on the TSX
is expected to be on or about November 18, 2010. The shares will be listed on
the Toronto Stock Exchange under the symbol DS.


The syndicate of agents is being co-led by Scotia Capital Inc., CIBC World
Markets Inc., RBC Dominion Securities Inc. and includes BMO Nesbitt Burns Inc.,
National Bank Financial Inc., TD Securities Inc., HSBC Securities (Canada) Inc.,
Raymond James Ltd., Canaccord Genuity Corp., Dundee Securities Corporation,
Macquarie Capital Markets Canada Ltd., Wellington West Capital Markets Inc.,
Desjardins Securities Inc. and Manulife Securities Incorporated.

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