Dividend 15 Split Corp. II (the "Company") is pleased to announce it has
completed an overnight offering of 2,225,250 Preferred Shares and 2,225,250
Class A Shares. Total gross proceeds of the offering were $41.2 million,
bringing the Company's net assets to approximately $153.7 million. Shares will
trade on the Toronto Stock Exchange under the existing symbol DF.PR.A (Preferred
Shares) and DF (Class A shares). 


The Preferred Shares were offered at a price of $10.00 per share to yield 5.25%
annually and the Class A Shares were offered at a price of $8.50 per share
targeting to yield 14.1%, based on the current distribution policy. 


The offering was co-led by National Bank Financial Inc., CIBC and RBC Capital
Markets and also included BMO Capital Markets, TD Securities Inc., GMP
Securities L.P. and Canaccord Genuity Corp.


The net proceeds of the secondary offering 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:




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



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. Please read the Company's
publically filed documents which are available at www.sedar.com.




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

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