An anonymous director reports

TOP 20 U.S. DIVIDEND TRUST DECLARES MONTHLY DISTRIBUTIONS

The board of directors of TTU Ltd., as general partner of TTU LP, trustee for Top 20 U.S. Dividend Trust, has declared monthly distributions for April, May and June, 2019, of 4.17 cents per Class A unit and 4.17 U.S. cents per Class U unit.

Record date        Payment date    Amount per Class A unit    Amount per Class U unit

April 30, 2019     May 15, 2019                 4.17 cents            4.17 U.S. cents       
May 31, 2019      June 14, 2019                 4.17 cents            4.17 U.S. cents        
June 28, 2019     July 15, 2019                 4.17 cents            4.17 U.S. cents        

Unitholders are entitled to receive monthly distributions as declared by the trust. The trust does not have a fixed distribution but generally intends to make monthly distributions based on the dividends and other distributions received on its portfolio and premiums realized by the trust pursuant to its option writing strategy less the operating expenses. Such distributions may be characterized as income, capital gains and/or returns of capital for tax purposes.

The trust's investment objectives are to provide unitholders with stable monthly distributions and the opportunity for capital appreciation, in each case through investment in an equally weighted portfolio comprising the 20 highest-yielding equity securities included in the Dow Jones Industrial Average.