TXT.PR.A Top Ten Split Trust

Top 10 Split Trust (the "Fund") (TSX:TXT.UN)(TSX:TXT.PR.A) has announced that
the Fund will effect a partial redemption of its preferred securities
("Preferred Securities") in order to maintain an equal number of Preferred
Securities and capital units ("Capital Units") of the Fund outstanding. The
partial redemption of Preferred Securities is being made in connection with the
recent approval by holders of the Capital Units and the Preferred Securities
(collectively, the "Securityholders") of a proposal to extend the term of the
Fund for an additional five-year term until March 31, 2016 and for automatic
successive five-year terms thereafter. 


Pursuant to the special retraction right granted to Securityholders in
connection with the extension of the Fund, 284,227 Preferred Securities and
741,330 Capital Units were surrendered for retraction. In order to maintain an
equal number of Preferred Securities and Capital Units, the Fund will redeem an
aggregate of 457,103 Preferred Securities on a pro rata basis from all holders
of record of Preferred Securities on March 31, 2011 (the "Repayment Date"),
representing approximately 19.8% of the issued and outstanding Preferred
Securities. Each Preferred Security that is redeemed pursuant to the partial
redemption will be redeemed at a price equal to $12.50, being the principal
amount per Preferred Security, plus all accrued and unpaid interest thereon (the
"Repayment Price"). The Repayment Price will be paid to holders whose Preferred
Securities are redeemed by the Fund within 10 business days following the
Repayment Date. 


Commissions, trailing commissions, management fees and expenses all may be
associated with fund investments. Please read the prospectus before investing.
Investment funds are not guaranteed, their values change frequently and past
performance may not be repeated.

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