Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly
distribution of $0.10 for each Class A share ($1.20 annually) and $0.04375 for
each Preferred share ($0.525 annually). Distributions are payable April 10, 2008
to shareholders on record as of March 31, 2008.


Since inception (November 16, 2006) Class A shareholders have received a total
of $1.60 per share and Preferred shareholders have received a total of $0.72 per
share inclusive of this distribution, for a combined total of $2.32.


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 Income Fund, BCE Inc., Manulife Financial,
Enbridge, Sun Life Financial, TELUS Corporation, The Thomson Corporation,
TransAlta Corporation, TransCanada Corporation. Shares held within the portfolio
are expected to range between 4-8% in weight but may vary at any time.




Distribution Details:

Class A Share (DF):                       $0.10

Preferred Share (DF.PR.A)                 $0.04375

Ex-Dividend Date:                         March 27, 2008

Record Date:                              March 31, 2008

Payable Date:                             April 10, 2008

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