DF Dividend 15 Split Corp II

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 December 10, 2008 to shareholders on record as of November 28, 2008.

Since inception (November 16, 2006) Class A shareholders have received a total of $2.40 per share and Preferred shareholders have received a total of $1.07 per share inclusive of this distribution, for a combined total of $3.47.

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:                       November 26, 2008

Record Date:                            November 28, 2008

Payable Date:                           December 10, 2008

Contacts: Dividend 15 Split Corp. II Investor Relations (416) 304-4443 or Toll Free: 1-877-4-Quadra (1-877-478-2372) Website: www.dividend15.com