TORONTO, ONTARIO--(Marketwire - Feb. 1, 2013) - Dividend Select 15 Corp. (the "Company") announces a total of 8,300,130 Warrants were exercised at $9.25 each for total gross proceeds of $38,388,101 bringing the Company's net assets to approximately $123 million. For every two Warrants exercised, holders received one Equity Share of the Company. The Warrants expired on January 31, 2013. The net asset value per Equity share after giving effect to the warrant exercise is $9.35.
The proceeds from the Warrant exercise will be used by the Company to invest in common shares of 15 high quality Canadian companies whose shares offer an attractive dividend yield, have shown solid earnings growth and have a strong history of capital appreciation.