Top 20 Dividend Trust Declares Monthly Distributions

TORONTO, July 15, 2015 /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 July, August and September of $0.0583 per Trust Unit.

Record and payment dates are as follows:

Record Date

Payment Date

Distribution Amount/Trust Unit

July 31, 2015

August 14, 2015

$0.0583

August 31, 2015

September 15, 2015

$0.0583

September 30, 2015

October 15, 2015

$0.0583

Unitholders are entitled to receive monthly distributions as declared by the Trust.  The Trust 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

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


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