Mulvihill Top 10 Split Trust Declares Quarterly Distribution

Top 10 Split Trust (the "Fund") (TSX:TXT.UN)(TSX:TXT.PR.A) has declared a
quarterly interest payment of $0.19531 on each of its Preferred Securities and a
distribution of $0.07688 on each of its Capital Units, payable June 30, 2010 to
unitholders of record as of June 15, 2010. 


The Fund's investment objectives for the Capital Units are (i) to provide
holders of Capital Units, upon redemption, with the benefit of any capital
appreciation in the market price of the securities in the Financial Portfolio
and (ii) to pay quarterly distributions to holders of Capital Units in an amount
targeted to be 7.5% per annum of the net asset value of the Fund. The Fund's
investment objectives for the Preferred Securities are (i) to pay holders of
Preferred Securities fixed quarterly cash interest payments of 6.25% per annum
on the $12.50 principal amount of a Preferred Security and (ii) to repay the
principal amount of $12.50 per Preferred Security on termination of the Trust on
March 31, 2011.


To generate additional returns above the dividend income earned on the Fund's
investment portfolio, the Fund may, from time to time, write covered call
options in respect of some or all of the securities in the investment portfolio.
In addition, the fund may write cash covered put options in respect of
securities in which it is permitted to invest.


The Fund's Financial Portfolio is managed by its investment manager, Mulvihill
Capital Management Inc. The Fund's Capital Units and Preferred Securities are
listed on the Toronto Stock Exchange under the symbols TXT.UN and TXT.PR.A,
respectively.




------------------------------------------------------------
Distribution Details :                                      
------------------------------------------------------------
Interest per Preferred Security:   $0.19531                 
Distribution per Capital Unit:     $0.07688                 
Payable Date:                      June 30, 2010            
Record Date:                       June 15, 2010            
Ex-Dividend Date:                  June 11, 2010            
------------------------------------------------------------

Top Ten Split (TSX:TXT.UN)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024