DF Dividend 15 Split Corp II

Dividend 15 Split Corp. II ("Dividend 15 II") is pleased to announce that it has
completed the overnight marketing of up to 1,550,000 Preferred Shares and up to
1,550,000 Class A Shares. Total proceeds of the offering are expected to be
approximately $28.3 million. The Company has granted the dealers an
overallotment of 232,500 units if exercised, bringing the total to $32.5
million. The offering was co-led by National Bank Financial Inc., CIBC World
Markets Inc. and RBC Capital Markets and also included BMO Nesbitt Burns Inc.,
TD Securities Inc., GMP Securities L.P. and Canaccord Genuity Corp. The sales
period of this overnight offering has now ended.


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 18, 2013 on the TSX was $10.12 and $9.03,
respectively.


The proceeds of the secondary offering, net of expenses and the Underwriters'
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   Royal Bank of Canada      TransAlta Corporation   
of 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 Company will today file an amended and restated short form preliminary
prospectus in each of the provinces of Canada with respect to the offering. The
offering is only made by prospectus. The prospectus contains detailed
information about securities being offered. A copy of the amended and restated
preliminary short form prospectus is available from one of the syndicate members
listed above. Investors should read the prospectus before making an investment
decision.


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 at 416-304-4443, toll
free at 1-877-4-Quadra (1-877-478-2372), or visit www.dividend15.com.




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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