Top 20 Dividend Trust Declares Monthly Distributions

TORONTO, Oct. 19, 2016 /CNW/ - The Board of Directors of T20 Ltd., as general partner of T20 Limited Partnership, Trustee for Top 20 Dividend Trust (the "Trust") has today declared monthly distributions for October, November and December of $0.0417 per Trust Unit.

Record and payment dates are as follows:

Record Date	Payment Date	Distribution Amount/Trust Unit
October 31, 2016	November 15, 2016	$0.0417
November 30, 2016	December 15, 2016	$0.0417
December 30, 2016	January 13, 2017	$0.0417

Unitholders are entitled to receive monthly distributions as declared by the Trust.  The Trust does not have a fixed distribution but generally intends to make 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

please contact: Investor Relations, Top 20 Dividend Trust, [phone], E-mail: [email protected], Website: www.scotiamanagedcompanies.com