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 October 10,
2008 to shareholders on record as of September 30, 2008.


Since inception (November 16, 2006) Class A shareholders have received a total
of $2.20 per share and Preferred shareholders have received a total of $0.98 per
share inclusive of this distribution, for a combined total of $3.18.


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:                     September 26, 2008
Record Date:                          September 30, 2008
Payable Date:                         October 10, 2008

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