DF Dividend 15 Split Corp II

Dividend 15 Split Corp. II ("Dividend 15 II") is pleased to announce that it has
filed a short form prospectus in each of the provinces of Canada with respect to
an additional offering of Preferred Shares and Class A Shares of the Company.
The offering will be co-led by National Bank Financial Inc., CIBC World Markets
Inc. and RBC Capital Markets.


The Preferred Shares will be offered at a price of $10.00 per Preferred Share to
yield 5.25% and the Class A Shares will be offered at a price of $8.25 per Class
A Share to yield 13.51%. The closing price of each of the Preferred Shares and
the Class A Shares on November 15, 2013 on the TSX was $8.88 and $10.12,
respectively.


The proceeds of the secondary offering, net of expenses and the Agents' fee,
will be used by the Company to invest in an actively managed portfolio of
dividend-yielding common shares which includes each of the 15 Canadian companies
listed below. These are currently among the highest dividend-yielding securities
in the S&P/TSX 60 Index:




Bank of Montreal          Enbridge Inc.            TELUS Corporation        
The Bank of Nova Scotia   Manulife Financial Corp. Thomson-Reuters          
                                                   Corporation              
BCE Inc.                  National Bank of Canada  The Toronto-Dominion Bank
Canadian Imperial Bank of Royal Bank of Canada     TransAlta Corporation    
Commerce                                                                    
CI Financial Corp.        Sun Life Financial Inc.  TransCanada Corporation  



The Company's investment objectives are:

Preferred Shares:



i.  to provide holders of the Preferred Shares with fixed, cumulative
    preferential monthly cash dividends in the amount of $0.04375 per
    Preferred Share to yield 5.25% per annum on the original issue price;
    and 
ii. on or about December 1, 2019, to pay the holders of the Preferred Shares
    the original issue price of those shares.



Class A Shares:



i.  to provide holders of the Class A Shares with regular monthly cash
    dividends initially targeted to be $0.10 per Class A; and 
ii. on or about December 1, 2019, to pay the holders of Class A Shares at
    least the original issue price of those shares.



The sales period of this overnight offering will end at 9:00 a.m. EST on
November 19, 2013.


A copy of the preliminary short form prospectus is available from the syndicate
of underwriters.


Commissions, trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Investors should read the prospectus
before investing. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations
416-304-4443 or Toll Free at 1-877-4-Quadra (1-877-478-2372)
www.dividend15.com

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