Top 20 U.S. Dividend Trust Declares Monthly Distributions

TORONTO, July 18, 2017 /CNW/ - The Board of Directors of TTU Ltd., as general partner of TTU Limited Partnership, Trustee for Top 20 U.S. Dividend Trust (the "Trust") has today declared monthly distributions for July, August, and September of CAD$0.0417 per Class A Unit and USD$0.0417 per Class U Unit.

Record Date	Payment Date	Amount per Class A / Class U
July 31, 2017	August 15, 2017	$0.0417 / USD$0.0417
August 31, 2017	September 15, 2017	$0.0417 / USD$0.0417
September 29, 2017	October 13, 2017	$0.0417 / USD$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. It is expected that the monthly distributions received by Unitholders will be characterized primarily as returns of capital and capital gains for tax purposes. Amounts distributed on the units that represent returns of capital are generally non-taxable to a Unitholder but reduce the Unitholder's adjusted cost base of the Units for tax purposes.

The Trust's investment objectives are to provide unitholders with investment exposure, on a tax-advantaged basis, to an equally-weighted portfolio comprised of the 20 highest yielding equity securities included in the Dow Jones Industrial Average.

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

SOURCE Top 20 U.S. Dividend Trust

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