DF Dividend 15 Split Corp II

The Board of Directors of Dividend 15 Split Corp. II ("Dividend 15 II") today
announced that a special meeting of the holders of Dividend 15 II's Preferred
Shares and Class A Shares will be held at 10:30 a.m. (Eastern standard time) on
June 3, 2013. The 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 II were to terminate on December 1, 2014 as originally
contemplated.


Since inception, Class A shareholders have received a total of $6.80 per share
and Preferred shareholders have received a total of $3.35 per share for a
combined total of $10.15 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 16.95% and for
the Preferred share it is 5.12%.


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 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
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. II
Investor Relations
416-304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com

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