Top 20 Dividend Trust Declares Monthly Distributions

TORONTO, Jan. 18, 2013 /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 January, February and March of $0.0583 per Trust Unit.

Record and payment dates are as follows:

Record Date Payment Date Distribution Amount/Trust Unit
January 31, 2013 February 15, 2013 $0.0583
February 28, 2013 March 15, 2013 $0.0583
March 29, 2013 April 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 Trust'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

For further information:

Investor Relations
Top 20 Dividend Trust
(416) 863-7007
E-mail: mc.top20dividend@scotiabank.com
Website: www.scotiamanagedcompanies.com