Top 20 Dividend Trust Declares Monthly Distributions

TORONTO, Oct. 16, 2012 /CNW/ - The Board of Directors of T20 Ltd. (the "Trustee") in its capacity as Trustee for Top 20 Dividend Trust (the "Trust") has today declared monthly distributions for October, November and December of $0.0583 per Trust Unit.

Record and payment dates are as follows:

Record Date	Payment Date	Distribution Amount/Trust Unit
October 31, 2012	November 15, 2012	$0.0583
November 30, 2012	December 14, 2012	$0.0583
December 31, 2012	January 15, 2013	$0.0583

Unitholders are entitled to receive monthly distributions as declared by the Trustee of the Trust.  The Trustee generally intends to declare and pay monthly distributions based on the dividends and other distributions received on the underlying portfolio and premiums realized by the Trust pursuant to its option writing strategy less the operating expenses.

The Fund's investment objectives are to provide unitholders with: (i) stable monthly distributions; and (ii) the opportunity for capital appreciation. The Fund invested the net proceeds of the offering in an equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the S&P/TSX 60 Index. The S&P/TSX 60 Index consists of the 60 largest and most liquid issuers on the TSX and is generally maintained to have sector weights in line with the S&P/TSX Composite Index.

The units of the Trust are listed for trading on The Toronto Stock Exchange under the symbol TTY.UN.

 

SOURCE: Top 20 Dividend Trust

Investor Relations
Top 20 Dividend Trust
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Website: www.scotiamanagedcompanies.com