Top 20 U.S. Dividend Trust Declares Monthly Distributions

TORONTO, Jan. 20, 2016 /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 January, February, and March 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

January 29, 2016

February 15, 2016

$0.0417 / USD$0.0417

February 29, 2016

March 15, 2016

$0.0417 / USD$0.0417

March 31, 2016

April 15, 2016

$0.0417 / USD$0.0417

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. 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 US Dividend Trust

For further information: Investor Relations, Top 20 U.S. Dividend Trust, (416) 945-4173, E-mail: mc.top20us@scotiabank.com; Website: www.scotiamanagedcompanies.com

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Top 20 US Dividend Trust

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