Top 20 Dividend Trust Declares Monthly Distributions

TORONTO, Oct. 9, 2014 /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, 2014	November 14, 2014	$0.0583
November 28, 2014	December 15, 2014	$0.0583
December 31, 2014	January 15, 2015	$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 Trust's investment objectives are to provide unitholders with: (i) stable monthly distributions; and (ii) the opportunity for capital appreciation through investment exposure to an equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the S&P/TSX 60 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, [phone], E-mail: [email protected], Website: www.scotiamanagedcompanies.com